Fed remains in crisis-fighting mode as recovery appears to moderate

Fed remains in crisis-fighting mode as recovery appears to moderate
  • Clock-gray 03:10
  • calendar-gray 28 January 2021

The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to its monthly bond purchases, pledging again to keep those economic pillars in place until there is a full rebound from the pandemic-triggered recession.

That hasn’t happened, and U.S. central bank policymakers flagged a potential slowing in the pace of the economic recovery in a statement released after the end of their latest two-day meeting.

 

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