Will the Fed Raise Interest Rates in 2021?
The Federal Reserve announced in late January that it planned to keep its benchmark short-term borrowing rate near zero. The Federal Open Market Committee, which decides on the level of interest rates, cited the pace of the recovery and progress in dispensing vaccinations as contributing to its decision. The Fed also expects interest rates to stay low for some time.
In this video from Motley Fool Live, recorded on Jan. 27, "The Wrap" host Jason Hall and Fool.com contributors Danny Vena and Brian Withers discuss the state of the economy and when the Fed might boost interest rates.
Source Fool.com
