Federal Reserve Governor Reiterates Ability to Keep Interest Rates Unchanged for "an Extended Period"

BlockBeats News, March 25th, Federal Reserve Governor Quarles stated that the labor market appeared to remain stable in February. The Fed can keep interest rates unchanged for a "considerable period of time."

The latest economic data at the beginning of this year showed some signs of weakness. Surveys indicate that consumers expect further increases in the near term, but uncertainty related to trade policy still exists.

Progress toward inflation returning to target has slowed since last summer. It is believed that the current Fed policy remains restrictive; assessing that the policy is in good shape. (FXStreet)