Business Fed lifts rates amid stronger inflation, drops crisis-era guidance Updated : June 14, 2018 06:13 AM IST The Fed dropped its pledge to keep rates low enough to stimulate the economy "for some time" and signalled it would tolerate inflation above its 2 percent target at least through 2020. Fed policymakers projected gross domestic product would grow 2.8 percent this year. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.