Federal Reserve officials vote to keep interest rates at current levels, extending the central bank's support for the economy as Covid-19 infection rates surge and vaccination rates stall out.
Jerome Powell, chairman of the U.S. Federal Reserve, arrives for a Senate Banking Committee hearing on July 15, 2021.Federal Reserve officials voted Wednesday to keep interest rates at their current levels, extending the central bank's support for the economy as Covid infection rates surge and vaccination rates stall out.
When the pandemic hit in March 2020, the Fed enacted a series of extraordinary measures to support the economy, buying up billions of dollars in monthly assets — $80 billion in Treasury securities and $40 billion in mortgage securities — to prop up the economy and slashing interest rates to stave off a financial crisis.
“We have not reached substantial further progress yet. We see ourselves having some ground to cover to get there," Powell said in a press conference following Wednesday's rate announcement.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Actual number of U.S. coronavirus cases may be more than double the official tallyA new study adds to the growing body of evidence that the pandemic's true toll is far greater than official tallies show.
Consulte Mais informação »
Kate Garraway says it's 'strange' to leave Derek on first night out since CovidKate Garraway attended the West End opening of Wonderville at the Palace Theatre as she went out for the first time since husband Derek Draper was admitted to hospital last year
Consulte Mais informação »
Covid: One million masks for NHS fail high-grade safety testsThe BMA doctors' union says it is 'scandalous' staff working in the pandemic were put at risk.
Consulte Mais informação »
Director David Lowery on The Green Knight’s Eerie InfluencesDirector David Lowery opens up about TheGreenKnight's eerie influences—and how the pandemic allowed him to fall in love with his own movie.
Consulte Mais informação »
Peter Navarro says Anthony Fauci has 'blood of over 4 million people on his hands'Navarro once again called the nation's leading infectious diseases expert the 'godfather' of the COVID pandemic.
Consulte Mais informação »
Trump’s Business Hauled In $2.4 Billion During Four Years He Served As PresidentForbes estimates the pandemic helped wipe about $200 million off Trump’s top line last year.
Consulte Mais informação »