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Federal Reserve sees interest rate target near zero through 2022

By Jay Heflin
Published June 10, 2020 6:00pm ET
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Federal Reserve sees interest rate target near zero through 2022
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, July 11, 2019. | (Andrew Harrer/Bloomberg)

The Federal Reserve on Wednesday announced that it will keep its interest rate target near zero.

Officials projected not raising the rates through at least 2022. In fact, Fed Chairman Jerome Powell said on Wednesday that raising rates is not being discussed at his organization.

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Federal Reserve Interest Rates Jerome Powell