New York CNN —
People are getting impatient with the Federal Reserve.
For the past year, the Fed has kept interest rates at their highest level in more than two decades, making it more expensive to get a mortgage, borrow money and pay off debt. Now the central bank is mulling over when to do something it hasn’t done since the darkest days of the pandemic: cut interest rates.
But Wednesday’s decision by the Fed to once again leave rates unchanged provided little comfort. But the wait could finally end at the Fed’s next policy meeting in September.