What are the Fed's new hurdles for rate hikes? Only the Fed knows

2020-09-18 05:03:33

It may be years before the economy reaches any of those hurdles, let alone all three, fresh forecasts released by the Fed on Wednesday suggest. Fed Chair Jerome Powell said the economy was a “long way” from meeting this test and that he would “love” to get back to the pre-crisis unemployment rate of 3.5% or lower, from 8.4% now.

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