#FOMCMeeting

When the Federal Reserve decides what to do with interest rates to manage the economy, the data usually speaks for itself. Policymakers, for example, knew they needed to act quickly to lower interest rates in 2020 when trading mechanisms came to a sharp halt at the beginning of the coronavirus pandemic. Two years later, when inflation reached a 40-year high and jobs were plentiful, the central bank raised the cost of borrowing to cool the economy and bring prices back to normal.