Fed Has Dim Outlook As Virus Squeezes Economy
Federal Chair Powell stated the ongoing pandemic threatens a modest rebound in early summer, and that the Fed will continue to keep interest rates around zero properly into the potential.
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic restoration that followed a collapse in employing and paying this spring. As a result, he stated, the Fed strategies to continue to keep interest rates pinned around zero properly into the potential.
That faltering overall economy, pressured by a resurgence of the virus, has heightened the require for Congress to keep