Robust household finances shouldn't be undone by rising rates anytime soon, report says
The prescribed rate on loans to family members remains set at 1%
David McKay predicts central banks will hike rates sometime next year
Financial markets rebounded following the central banker’s comments
On Wednesday, Powell may aim to puncture speculation about the Fed curtailing its bond purchase program
Robust consumer spending may drive inflation and a rate hike sometime in 2022
Newly released transcripts show that many Federal Reserve officials had concerns at the time
Central bank expects to keep short-term benchmark interest rate near zero through at least 2023
Congress has yet to agree on another round of urgently needed financial aid
The central bank plans to continue buying about $4 billion in bonds per week