Fed stresses its commitment to low rates as economy stumbles


The federal reserve is pledging to keep its low interest rate policies in place until the corona virus pandemic is well behind us we're gonna remain accommodative until we actually see improvement in the economy and not just in the outlook and federal reserve board chairman Jerome Powell says the economy will remain at risk as long as the pandemic prevention bars and restaurants at four hundred thousand jobs we lost last month month and that's all because of the spread of the pandemic for its part the fed is keeping its benchmark short term interest rate pegged near zero and we'll keep buying treasury and mortgage bonds to keep longer term rates down he says Congress is relief bills have help too but ultimately getting the pandemic under control getting everyone vaccinated getting people wearing masks and all that that's the single most important economic growth policy Ben Thomas Washington

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