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Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K
Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% “for some time.” • Federal Open Market Committee keeps interest rates unchanged close to zero, according to its statement. • Panel agrees to maintain accommodative monetary policy until inflation climbs above 2% "for some time." • The central bank will increase holdings of U.S. Treasury securities and mortgage-backed securities "at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions." • Projection materials released ... (full story)