Fed holds policy steady amid rising coronavirus cases and election uncertainty
Federal Reserve signals it will stick to its current economic response of keeping interest rates near zero as pandemic threatens US economic recovery
05 November 2020 - 21:48
Washington — The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a US economic recovery threatened by a spreading coronavirus pandemic and facing uncertainty over a still undecided presidential election.
Results from Tuesday's presidential vote were still being tabulated in a few key states, though Democratic nominee Joe Biden was near the number of electoral votes needed to win the White House...
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