The Federal Open Market Committee released minutes Wednesday from its most recent meeting, which concluded April 29 with the central bank's policymaking arm holding steady on interest rates.
The action came as central bank officials noted the excessive damage the virus was doing to the economy and the potential for damage ahead. One area of particular concern is what should happen in the event that coronavirus infections should surge later in the year. The minutes noted that the "more pessimistic" outlook for a rebound was probably as likely as the baseline forecast for improvement.
As far as specific threats, the meeting summary noted vulnerability to the banking sector and the potential for bankruptcies from nonfinancial companies.
Source: News Formal (newsformal.com)
steveliesman
steveliesman Can’t escape gravity
HAL is on life support - perhaps 1 month away from being a non-entity. Dump Halliburton the shares aren’t worth the paper they’re printed on.
steveliesman Will that help me buy groceries
Get out of any Chinese biz now
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