The Fed’s Economic Projections Show Rates at Rock Bottom for Years

WASHINGTON — Federal Reserve officials expect to leave interest rates near zero for years — through at least 2023 — as they try to coax the economy back to full strength after the pandemic-induced recession, based on their September policy statement and economic projections released Wednesday.

The Fed, in a significant update to its official policy statement, also reinforced its August pledge to tolerate slightly higher price gains to offset periods of weak inflation, underscoring that…

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