Fed holds interest rates steady even as inflation remains high
The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.
Watch CBS News
The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
President Trump’s pick is raising some eyebrows, so St. Thomas economics professor Tyler Schipper shares how economists are reacting.
