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Fed will likely stress commitment to low rates amid pandemic

Washington county Jerome city Powell, county Jerome pandemic vaccine economy
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WASHINGTON – The Federal Reserve this week will likely underscore its commitment to its low-interest rate policies, even as the economy recovers further from the devastation of the viral pandemic.

Chair Jerome Powell is sure to strike a dovish tone at a news conference after the Fed's latest policy meeting ends Wednesday.

He may, in particular, aim to puncture any speculation that the Fed might soon curtail its aggressive efforts to support the economy, including its bond purchase program that aims to hold down long-term interest rates.

The conditions the Fed has laid down before it would adopt any policy changes aren't close to being met, so no new actions are expected this week.

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United States
United States
Cases: 46 252 513
Deaths: 750 423
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India
India
Cases: 34 321 025
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Brazil
Brazil
Cases: 21 835 785
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United Kingdom
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Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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