WASHINGTON — For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon.

Chairman Jerome Powell has expressed a sense of gratification with Fed policy, thanks to a steady if unspectacular economy driven by a robust job market. The unemployment rate is at a 50-year low. Economic growth remains solid if modest at a roughly 2 percent annual rate. With inflation low, the Fed could potentially stand pat for months.

Yet even with the Fed seemingly comfortable with the range of its benchmark rate — a historically low 1.5 percent to 1.75 percent — questions about its policy-making remain. They include what the next steps might be for the Fed’s ongoing purchases of short-term Treasury bills, which are intended to keep overnight lending markets free-flowing and to hold down short-term borrowing rates. Officials will also likely spend time at their Tuesday-Wednesday meeting discussing their ongoing review of how the Fed should adapt its policies for a persistently low-inflation, low-interest rate environment.

There is also continued uncertainty about the global economy, concern about high levels of corporate debt and potential risks to the financial markets from consistently ultralow rates

Last year, the Fed cut its benchmark interest rate three times after having raised it four times in 2018. Fed officials credit those rate cuts with revitalizing the housing market, which had stumbled early last year.

Among other benefits, the rate cuts have helped drive down mortgage rates and led home buyers to bid up prices on a dwindling number of available properties. Home sales jumped in December.