Fed Stays "All Hands on Deck" in the Face of Virus Uncertainty

The outcome of the Federal Reserve’s meeting on July 29, 2020 was largely as expected.

July 31, 2020

Financial market functioning has been largely restored by the Fed’s aggressive actions last spring, but the economy is still operating at a level well below its pre-virus pace, despite the rebound in activity since April. The Fed thus reiterated its intent to provide monetary support for as long as is needed for what is expected to be a long, drawn-out recovery.

 

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