Expanded Insider Trading Rules: Definition of Insiders Widened and Burden of Proof Shifted
The Federal Reserve recently announced its decision to keep interest rates at near-zero levels as the economy continues to recover from the effects of the pandemic. This decision was widely expected by analysts, as the Fed aims to support economic growth by keeping borrowing costs low.
Chairman Jerome Powell emphasized the Fed’s commitment to using its full range of tools to support the economy, including keeping interest rates low and continuing with its asset purchases. The Fed also reiterated its stance that it will not raise interest rates until inflation reaches 2% and is on track to exceed that level for some time.
The central bank’s decision comes as the U.S. economy shows signs of improvement, with job growth picking up and consumer spending on the rise. However, there are still challenges ahead, including the ongoing threat of the Delta variant and supply chain disruptions.
Overall, the Fed’s decision to maintain its current monetary policy stance highlights its commitment to supporting the economy as it navigates through the recovery process. Investors and market participants will be keeping a close eye on future developments and any updates from the Fed regarding its monetary policy stance.
