Money | Ben Bernanke Fed Likely to Hold Rates— for Now Bernanke hopes the 2% interbank rate will help economy rebound By Jim O'Neill Posted Jun 25, 2008 6:17 AM CDT Copied High gas prices posted at Shell, left, and Valero, right, gas station in San Bruno, Calif. (AP Photo/Paul Sakuma) Despite fears that inflationary forces are revving, the Federal Reserve will probably hold the interbank federal funds rate at 2% today, hoping the bargain basement rate can help kick-start a stalled economy that’s been hamstrung by a tenacious housing slump and a credit crunch hangover, Reuters reports. "Given the uncertainty about both upside and downside risks, the Fed is likely to stay on hold indefinitely," Deutsche Bank economists told clients. Read These Next Trump-Epstein friendship ran deep, says Epstein's brother. Bryan Kohberger will officially die in prison. Can we just take the bus everywhere from now on? The search for a missing grad student has come to a tragic end. Report an error