Federal Reserve Announces Plans to Leave Interest Rate Unchanged

Employment expert available to comment on what motivated this decision

The Federal Reserve just announced that it plans to leave the interest rate unchanged. Many believe that this is because the country’s slow economic growth has challenged the policy-makers’ confidence.

Rob Wilson, employment expert and CEO of Employco USA, says, “The Federal Reserve opted not to change the interest rate due to unreliable low unemployment numbers and slow wage growth.”

Wilson also believes that the Affordable Care Act played a large part in this decision.

“Due to the Affordable Care Act, employers have been slow to hire, and some have even been forced to let employees go or slash staff hours. Pending changes to the overtime laws also has employers worried, along with general anxiety over the economy as a whole.”

For more on this topic, please contact Rob Wilson at rwilson@thewilsoncompanies.com.