Federal Reserve Chairman Jerome Powell will seek to keep annual inflation at 2%, a pace that suggests solid demand for goods and services and enables employers to raise wages.
WASHINGTON: Ebbing global growth and shaky financial markets threw the US Federal Reserve off course in early 2016, and it took nearly a year for officials to regain confidence growth would continue and convince investors they would again raise interest rates.
Similar conditions confront Fed policymakers as they meet this week, with market scepticism about further rate hikes as deep as it was three years ago, and a stalemate over global trade, a US federal government shutdown, and waning business and consumer confidence further clouding the picture.
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