Economy

Corona serious threat to economy, according to Fed minutes | Financial

The umbrella of central banks in the United States chose at the end of last month to continue to buy bonds for the time being. But according to the Fed, it was not yet necessary to further reduce the already low interest rates. As a result, the Fed’s main interest rate remained between 0 and 0.25 percent. In March, the bandwidth for the rate was reduced two more times.

Investors invariably keep a close eye on the Fed minutes as it may contain indications of future monetary policy. But since the meeting took place, the Fed has also expressed itself in other ways. Fed President Jerome Powell said on Tuesday in the United States Senate that more support packages are needed from politics as far as he is concerned, although he did not comment on the size or timing of such packages. He also reiterated that the Fed remains ready to support the economy.

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