Fed says it will keep stimulus coming for years

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Fed says it will keep stimulus coming for years
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The Federal Reserve left interest rates unchanged and committed to maintaining its unprecedented stimulus plan until the economy 'has weathered recent events.' That means it could be years until interest rates rise again.

New York The Federal Reserve left interest rates unchanged Wednesday and committed to maintaining its unprecedented stimulus plan until the economy"has weathered recent events."

That means it could be years until interest rates rise again. The Fed's"dot plot", which reflects the forecasts of the central bank's policy makers, isn't showing any rate hikes this year or in 2021. Even in 2022, the majority of policymakers believe rates will remain at the current rate levels.Stocks briefly jumped after the central bank's announcement. Lower interest rates allow companies to borrow at lower rates, which is good for the stock market.

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