WRAPUP 7-Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020
The U.S. Federal Reserve on
Wednesday signaled it plans years of extraordinary support for
an economy facing a torturous slog back from the coronavirus
pandemic, with policymakers projecting the economy to shrink
6.5% in 2020 and the unemployment rate to be 9.3% at year’s end.
Wednesday signaled it plans years of extraordinary support for
an economy facing a torturous slog back from the coronavirus
pandemic, with policymakers projecting the economy to shrink
6.5% in 2020 and the unemployment rate to be 9.3% at year’s end.
Posted by Reuters
