Fed Has Dim Outlook As Virus Squeezes Economy

Federal Chair Powell claimed the ongoing pandemic threatens a modest rebound in early summer months, and that the Fed will continue to keep desire fees near zero effectively into the long term.

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest financial recovery that followed a collapse in using the services of and expending this spring. As a end result, he claimed, the Fed programs to continue to keep desire fees pinned near zero effectively into the long term.

That faltering financial state, pressured by a resurgence of the virus, has

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