FOMC preview: Fed not expected to raise interest rates this week

By | January 25, 2022

“It really is time for us to begin to move away from those emergency pandemic settings to a more normal level,” Fed Chairman Jerome Powell told Congress two weeks ago, adding that “2022 will be the year in which we take steps toward normalization.”

Moving away from those settings would involve raising the federal funds rate, the benchmark for short-term borrowing costs that the Federal Open Market Committee sets every six weeks. That rate has been set at near zero since the depths of the pandemic.

Full article: FOMC preview: Fed not expected to raise interest rates this week (yahoo.com)