WRAPUP 6-Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020
The U.S. Federal Reserve on
Wednesday signaled it would provide years of extraordinary
support for an economy facing a torturous slog back from the
coronavirus pandemic, with policymakers projecting a 6.5%
decline in gross domestic product this year and a 9.3%
unemployment rate at year’s end.
Wednesday signaled it would provide years of extraordinary
support for an economy facing a torturous slog back from the
coronavirus pandemic, with policymakers projecting a 6.5%
decline in gross domestic product this year and a 9.3%
unemployment rate at year’s end.
Posted by Reuters
