The Fed has a dual mandate to control inflation as well as unemployment, unlike other central banks.
Are borrowers and lenders taking on too much risk?
Vivian Gueler of Pacific Trust Group says demand for housing in Los Angeles is outpacing supply, thanks largely to low interest rates.
Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.
Fed Chair Jerome Powell and Treasury Secretary Janet Yellen peg the actual unemployment rate at around 10%, higher than the official 6.3%.
The only thing really left is for Congress and a president to pass more stimulus.
Social distancing and wearing masks will help get the economy back to full strength, Powell said Thursday.
What do ongoing low interest rates mean for consumer saving and spending, and businesses seeking help with debt?
Different lenders may offer the same individual wildly different rates and fees.