Coronavirus poses considerable risks to the economy. The Fed said this after the two-day meeting. The recovery trajectory will depend significantly on the evolution of the virus, states the Fed. Interest rates have remained unchanged. The cost of money remains stuck in a fork between 0 and 0.25%. The fall in the second quarter of GDP is the biggest in history, said Fed President Jerome Powell.
Fed: from Covid-19 risks, recovery depends on viruses
2020-07-29T20:10:14.904Z
Rates remain unchanged (ANSA)Coronavirus poses considerable risks to the economy. The Fed said this after the two-day meeting. The recovery trajectory will depend significantly on the evolution of the virus, states the Fed. Interest rates have remained unchanged. The cost of money remains stuck in a fork between 0 and 0.25%. The fall in the second quarter of GDP is the biggest in history, said Fed President Jerome Powell. ...