Business
Virus surge starting ‘to weigh’ on US economy: Jerome Powell – The Australian Financial Review
All members of the Fed’s policy committee voted to leave the target range for short-term rates at between 0 per cent and 0.25 per cent.
“The path of the economy will depend significantly on the course of the virus,” the central bank’s policy-setting Federal Open Market Committee (FOMC) said.
Fed policymakers repeated a pledge to use their “full range of tools” to support the economy and keep interest rates near zero for as long as it takes to recover from the fallout from the epidemic, saying the economic path will depend significantly on the course of the virus.
“Following sharp declines, economic activity and employment have…
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