Fed Leaves Interest Rates Near Zero, Downplays COVID Economic Impact

The Federal Reserve reports that the economy is performing well, maintaining the interest rate near 0%. Despite the strong economic indicators, Chairman Jerome Powell states that the Fed is not planning a rate hike at this time.

What does the Federal Reserve say about the current state of the economy?

What is the current interest rate set by the Federal Reserve?

How does the Federal Reserve's benchmark rate relate to the economy's performance?

What does Jerome Powell say about the possibility of a rate hike?

What factors might influence the Federal Reserve's decision on interest rates in the future?