WASHINGTON (AP) — Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended: Recent indicators suggest that
Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee’s 2 percent objective but remains somewhat elevated.
In support of its goals, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/2 to 4-3/4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Michael S. Barr; Raphael W. Bostic; Michelle W. Bowman; Lisa D. Cook; Mary C. Daly; Beth M. Hammack; Philip N. Jefferson; Adriana D. Kugler; and Christopher J. Waller.WASHINGTON — Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace.
Democratic Rep. Kim Schrier won reelection to a U.S. House seat representing Washington on Thursday. She defeated Republican Carmen Goers, who works in financial services. Schrier, a pediatrician, first won her seat in 2018, becoming the first Democrat to represent the district. Of the seven Washington state congressional districts that Democrat Joe Biden carried in CHARLESTON, W.Va. — West Virginia Gov.
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