The Fed voted not to change its growth targets.

By voting last month not to change those targets for the nation's money supply, the Federal Reserve policy-makers signaled that they were content to let interest rates remain where they were, according to minutes of a meeting released Friday. The Federal Open Market Committee, the policy-making arm of the central bank, agreed at a meeting Feb. 12-13 that it would pursue the same amount of restraint on the money supply in coming weeks as it had in the period immediately before the meeting. The policy-makers said they would only seek "modest increases" in money controls if the various money supply measures were growing above the Fed's target ranges for the year.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
71°