Live: Fed Chair Powell Speaks to Reporters Following Interest Rate Decision

U.S. Federal Reserve System increases base interest rate to 2.25-2.5% The US Federal Reserve System acting as the national central bank has increased the base interest rate by 0.75 percentage point to the level of 2.25-2.5%, the Federal Open Market Committee (FOMC) said Wednesday after the meeting.      “The Committee seeks to achieve maximum employment and inflation at the rate of 2% over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 2-1/4 to 2-1/2% and anticipates that ongoing increases in the target range will…