Fed's Powell talks inflation, jobs and rates staying low

Inflation may rise Powell says but won't be a problem

The Federal Reserve kept interest rates on hold and indicated no major hikes until 2023 while also upping its economic outlook forecast for growth and inflation.

FED KEEPS RATES ON HOLD, LIFTS ECONOMIC PROJECTIONS

The Dow Jones Industrial Average jumped over 189 points, driving past the 33,000 level for the first time, while the Nasdaq Composite and S&P 500 also gained 0.29% and 0.4%, respectively.

INVESTORS DIGEST FED'S COMMITMENT TO LOW RATES UNTIL 2023

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34899.34 -905.04 -2.53%
SP500 S&P 500 4594.62 -106.84 -2.27%
I:COMP NASDAQ COMPOSITE INDEX 15491.656804 -353.57 -2.23%

Fed Chairman Jerome Powell hinted why inflation isn't a problem, what full employment will look like and why policymakers won't make any major changes.

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