The Federal Reserve left interest rates unchanged Wednesday, but signaled that it's open to an additional rate hike, if necessary, to combat stubborn inflation.
"We have come very far very fast in the rate increases that we've made," Fed chairman Jerome Powell told reporters. "I think it was important at the beginning that we move quickly and we did. As we get closer to the rate that we think — the stance of monetary policy that we think — is appropriate to bring inflation down to 2% over time, the risks become more two-sided."
