The U.S. Federal Reserve on Wednesday signaled it would provideyears of extraordinary support for an economy facing a torturous slogback from the coronavirus pandemic, with policymakers projecting a 6.5per cent decline in gross domestic product this year and a 9.3 percent unemployment rate at year's end.
In the first economic projections of the pandemic era, U.S. central bank policymakers put into numbers what has been an emerging narrative: that the measures put inplace to battle a health crisis will echo through the economy for yearsto come rather than be quickly reversed as commerce reopens.
Read more at:
U.S. central bank keeps rate steady at 0.25% but warns COVID-19 impact will last for years | CBC News
In the first economic projections of the pandemic era, U.S. central bank policymakers put into numbers what has been an emerging narrative: that the measures put inplace to battle a health crisis will echo through the economy for yearsto come rather than be quickly reversed as commerce reopens.
Read more at:
U.S. central bank keeps rate steady at 0.25% but warns COVID-19 impact will last for years | CBC News
