Fed Policy Should Help Stabilize Labor Market, Chair Powell Says

Our monetary policy actions are guided by our dual mandate to promote maximum employment and stable prices for the American people. At today's meeting, the committee decided to maintain the target range for the federal funds rate at three and a half to three and three quarters percent. Since last September, we have lowered our policy rate 75 basis points or three quarters of a percentage point, bringing it within a range of plausible estimates of neutral.This normalization of our policy stance should help s ...