Behind the scenes: Why the Fed decided not to raise rates

Janet Yellen, Federal Reserve System chair of the Board of Governors
Janet Yellen, Federal Reserve System chair of the Board of Governors

Case grew stronger, not strong enough

By Kelsey Ramírez | HousingWire

At the conclusion of its meeting, the Federal Open Market Committee announced it decided not to raise interest rates in September.

While the committee said that the case for an increased has strengthened, they decided to wait for further evidence on continued progress towards its objectives.

“Our decision does not reflect a lack of confidence in the economy,” said Janet Yellen, Federal Reserve System chair of the Board of Governors.

Continued:

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