Fed says US economic recovery will be closely linked to course of coronavirus

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US central bank says it will not consider raising interest rates

“We’re not even thinking about thinking about thinking about raising rates,” Mr Powell said.The announcement comes as the Federal Reserve deals with a shortage of dollars across the globe.dropped to a two-year low earlier this week as a result of surging coronavirus cases in the US.

Source: Loan Digest (loandigest.net)

 

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