WASHINGTON—The Federal Reserve on April 29 left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing CCP virus pandemic that will not only “weigh heavily” on the near-term outlook but poses “considerable risks” for the medium term as well.
“The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals,” the central bank said in a statement at the end of a two-day policy meeting held via video conference.
