Fed Holds Interest Rates Steady, Says Economy Is Solid

The transcript discusses recent economic indicators showing solid economic activity and stable unemployment. Inflation is somewhat elevated but progressing towards the Federal Reserve's 2% target. The Fed's statement remains largely unchanged, maintaining the federal funds rate target range. The committee will assess data and risks for future adjustments. Quantitative tightening continues without an endpoint, and the decision was unanimous. Chair Jay Powell will provide further insights soon.

What does the committee say about the risks to inflation and employment goals?

What was the decision regarding the balance sheet policy?