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Red alert

But it's unclear how a rate cut would counteract the effects of the coronavirus

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

Judy Shelton has been a skeptic of the need for the Fed’s independence

Federal reserve building, Washington DC

Trump has called Fed officials “boneheads” for not continuing to cut rates

This picture says the development of economy, successful, and achievement

The Fed is content where interest rates are

gavel

A third Goldman executive has been sanctioned for his role in the 1MDB scandal

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

The range of 1.5% to 1.75% is far below levels that have been typical during previous expansions

Businessman progress strategy calculations Mixed media

Former CFTC head Chris Giancarlo is spearheading an effort to launch a digital U.S. currency

telescope, dawn, skyline, looking to the future

The U.S. central bank's first 2020 beige book carries same upbeat message as its late-December forecasts

  • By: Katie Keir
  • January 15, 2020 January 15, 2020
  • 16:58
Federal reserve building, Washington DC

After three cuts earlier this year, the central bank left its benchmark rate in a low range of 1.5% to 1.75%

Federal Reserve building in Washington DC, US. Close up of a top part of the building with eagle statue.

Economists expect the Federal Reserve to remain in a holding pattern for now