Federal Reserve Says It Won't Raise Interest Rates In 2018 Just Yet

It was Janet Yellen's last meeting as Fed chair.
Posted at 4:47 PM, Jan 31, 2018

After Janet Yellen's last meeting as Federal Reserve chair, the central bank announced it would leave interest rates untouched. At least, for now. 

The Fed raised interest rates three times last year, getting up to the still low 1.25 to 1.5 percent. Yellen's successor Jerome Powell shares her slow-and-steady mindset to economic growth. 

It's expected Powell's Fed will raise interest rates multiple times this year, starting in March. Additionally, other leadership changes at the Fed has analysts anticipating a more hawkish view of inflation.