The Federal Reserve: the economy and inflation up in tandem, interest rate policy on hold

The U.S. Federal Reserve Board (Fed) announced its interest rate decision at 2 a.m. Taiwan time on the 29th, as expected by the market, the benchmark interest rate was maintained in the 0-0.25% range, and the size of the acquisition of public debt and other securities was also unchanged. the Fed also reiterated that it will continue to use all tools to support the economy until the dual responsibilities of employment and inflation are achieved.

The Fed said in a post-meeting statement that U.S. economic activity and employment have strengthened, and inflation has risen, but the Fed still insisted that this mainly reflects temporary factors. the Fed also reiterated that it would be prepared to adjust its monetary policy stance appropriately if there are risks that could prevent it from achieving its goals.

Fed Chairman Ball held a press conference about half an hour later.