Federal Reserve leaders have said that rates could persist higher for longer if inflation fails to improve. The Federal Reserve’s staunch footing has been bolstered after a joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the Board of Governors’ offices. Federal Reserve stoic about ratesAs we reported, inflation is at a three-year low, which has given the Federal Reserve pause on hiking any rates. However, the regulator keeps a firm eye on inflation and has been vocal about raising rates if their projections fail to manifes…