KALAMAZOO, MI (WHTC-AM/FM, Dec. 14, 2023) – Federal Reserve policymakers are leaving interest rates unchanged.
Fed Chair Jerome Powell said inflation is still too high, but it’s good news that it has eased without a significant increase in unemployment, adding that the Fed will proceed carefully as it continues to try to bring inflation down to two percent. This marks the third-straight meeting the central bank has voted to put interest rate hikes on hold, and the decision to hold interest rates comes after the Fed spent much of the past two years raising to rates to battle inflation.
Have these policy makers done enough? Dr. Brian Long is the Director of Supply Management Research at Grand Valley State University’s Seidman College of Business.
Fed officials are projecting there will be three rate cuts in 2024, and anticipate inflation reaching the Fed’s goal of two percent in 2026.
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