The Federal Reserve is committed to fully supporting the U.S. economy during the hardships caused by the COVID-19 pandemic and working towards its goals of maximum employment and price stability.
According to the Federal Open Market Committee’s April meeting statement, the Fed will continue to help support the flow of credit to households and businesses by keeping interest rates near zero and expanding purchases of U.S. Treasury and mortgage-backed securities.
The statement also noted that the rise in inflation is temporary, due to transitory factors. What does that mean for you? Let’s rewind.
April 2021 FOMC Rewind
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The views expressed here do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco or of the Board of Governors of the Federal Reserve System.