DATE : 12-04-2021
asd

Fed Holds Steady on Interest Rates, Bond Purchases

Fed Holds Steady on Interest Rates, Bond Purchases

“We will continue to provide the economy the support that it needs for as long as it takes,” Fed Chairman Jerome Powell said at a press conference Wednesday after the conclusion of a two-day policy meeting.

Central bankers voted unanimously to maintain overnight interest rates near zero, where they have been set for the past year, and to continue purchasing at least $120 billion of Treasury bonds and mortgage-backed securities monthly. Mr. Powell said the measures “will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is complete.”

Category Economy
Author
Nika Nodia
Nika Nodia
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Comments
comments.php
Related Posts