Key Points

• The Federal Reserve kept its key borrowing rate targeted in a range between 4.25%-4.5%, where it has been since December.
• However, the central bank expects inflation to remain elevated and sees lower economic growth ahead.
• Still, the Federal Open Market Committee expects to make two rate reductions later this year.

ABOLISH THE FED!

But....The Fed is in a tough spot, because who wants to buy bonds at the current rates? Nobody!

Federal Reserve Chairman Powell said in his speech that

• U.S. economy is in a solid position, but inflation has been slightly above target.
• US Labor conditions are consistent with maximum employment.

Can inflation reach upto 3% by next month?