Fed Keeps Zero-Rate Outlook

Federal Reserve officials continued to project near-zero interest rates at least through 2023, while upgrading their economic outlook to reflect greater optimism over the U.S. recovery from Covid-19 amid a surge in Treasury yields. Discussing the news are Bloomberg News Global Economics and Policy Editor Kathleen Hays, Bloomberg Stocks Editor Dave Wilson, Ali Wolf, Chief Economist at Zonda, Jeffrey Cleveland, Chief Economist at Payden & Rygel, Bloomberg Economics Chief U.S. Economist Carl Riccadonna, Steven Skancke, Chief Economic Advisor at Keel Point and David Spika, President and CIO at GuideStone Capital Management. Hosts: Carol Massar and Tim Stenovec. Producer: Doni Holloway. See omnystudio.com/listener for privacy information.