The future of interest rates.

From Marketplace, I'm Sabri Beneshore, Infra-David Brankotchium.

The Federal Reserve has met and decided to do nothing.

As expected, interest rates won't be going up for now, emphasis on for now.

The new question is, where do we go from here?

Where's the economy going?

Where are interest rates going down the road?

The Fed laid out economic projections and a rough roadmap to get the country back down

all the way to its goal of 2% inflation.

But there will be challenges along the way as Marketplace is an anti-marshall Gensro reports.

Fed Chair Jerome Powell was almost cheerful at yesterday's press conference.

After all, things are looking pretty good.

Inflation is moving down toward the Fed's 2% target.

The tight labor market seems to be easing, and the economy is growing more than expected,

pushed along by consumer spending.

Powell told me this is all good news, and the Fed can always raise interest rates to

cool things off if it looks like the economy might overheat.

If the economy comes in stronger than expected, that just means we'll have to do more in terms

of monetary policy to get back to 2%.

Because we will get back to 2%.

That is 2% inflation.

And in the economic projections released yesterday, a majority of Fed officials did pencil

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