Ultra-low interest rates will stay in place until inflation “durably” reaches its 2% target
Research suggests that temporarily overshooting inflation has economic benefits
The Fed chair signalled no imminent change to ultra-low interest rates
The central bank expects inflation to run above 3% for the rest of the year
The central bank is expected to reduce its weekly purchases of federal bonds on Wednesday
The increase has heightened concerns that the Fed might introduce rate hikes earlier than expected
The central bank said in a report that its low-interest-rate policies are providing “powerful support”
The prescribed rate on loans to family members remains set at 1%
The Federal Reserve may act sooner than planned to start dialing back low-interest rate policies
Escalating inflation has intensified pressure on the central bank