Federal Reserve Chairman Jerome Powell speaks Wednesday following the reserve bank’s two-day policy meeting. The Federal Reserve announced on Wednesday that it will keep rate of interest near zero for years up until the U.S. economy heals from the effects of the Covid-19 pandemic and the labor market stabilizes. The Federal Free market Committee will provide its quarterly upgrade on where it sees GDP, unemployment and inflation heading. It also will use up the issue of whether it need to offer clearer assistance on what it will require to raise rates in the future, and it could change its bond-buying strategy to surpass supporting market operating to one that backstops the more comprehensive economy also.
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Fed Chairman Jerome Powell speaks on financial policy in the middle of Covid-19 pandemic– 9/16/2020