Fed Keeps Key Interest Rate Steady, Sees Fewer Risks - NBC4 Washington

Fed Keeps Key Interest Rate Steady, Sees Fewer Risks

The U.S. job market has rebounded, with strong job gains in June following weak growth in May, the Fed says

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    Fed Keeps Key Interest Rate Steady, Sees Fewer Risks
    AP
    In this June 22, 2016, file photo, Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, before the House Financial Services Committee hearing on U.S. monetary policy. On July 27, the Federal Reserve wrapped up a two-day meeting, keeping the key interest rate on hold.

    The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished. 

    The Fed says that the U.S. job market has rebounded, with strong job gains in June following weak growth in May. But it says in a statement after its latest policy meeting that it still plans to monitor global economic threats and financial developments to ensure they don't slow the economy. 

    The central bank gave no hint of when it might resume the rate hikes it began in December, when it raised its benchmark rate from a record low. 

    Some economists think a hike is possible in September, if hiring remains solid and the turbulence that followed Britain's vote to leave the European Union continues to stabilize.

    White Official Tells Black Woman He Belonged to Master Race

    [NATL] White Official Tells Black Woman He Belonged to Master Race

    Some Leavenworth County, Kansas, officials are calling for Commissioner Louis Klemp's resignation after he insulted a black woman who had just presented a land-use study to the commission. "I don't want you to think I am picking on you because we are part of the master race. You have a gap in your teeth. We are part of the master race, don't you forget that," Klemp said. 

    (Published Friday, Nov. 16, 2018)