The current Fed funds rate is holding at 0.25%-0.50% after the Fed decided not to increase rates at their quarterly meeting on September 21st.  Janet Yellen (pictured right), Chair of the Board of Governers of the Federal Reserve System, stated after the meeting that the board was pleased with the positive progress being made in employment and the slow increase in inflation.  However, they still chose to hold rates where they were.  Why?  Ms. Yellen stated, "Our decision does not reflect a lack of confidence in the economy...but with labor market slack being taken up at a somewhat slower pace than in previous years, scope for some further improvement in the labor market remaining, and inflation continuing to run below our 2% target, we chose to wait for further evidence of continued progress."