Fed Leaves Rates Unchanged as Trump Weighs Next Chair

The transcript discusses the current state of the Federal Reserve's funds rate, which remains between 1% and 1.25%, with no indication of future changes. Economic growth is solid despite recent hurricanes, and unemployment is decreasing. The Fed expects inflation to rise to 2% over the medium term. Randal Quarles has been appointed as the new Fed vice chair for supervision. The decision on the new Fed chair is anticipated soon, with Jay Powell as a potential candidate. Janet Yellen will continue to preside over two more meetings before her term ends.

What is the current range of the Fed funds rate mentioned in the statement?

What does the statement say about economic growth and unemployment?

Who is the new Fed vice chair for supervision mentioned in the statement?

What is the latest word from the White House regarding the new Fed chair decision?

What will happen to Janet Yellen's position after her term ends?