US Federal Reserve sees interest rates dropping near zero through 2022 to tackle coronavirus COVID-19 damage
Shortpedia
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The US Federal Reserve on Wednesday held interest rates near zero and dropped hints that it would maintain that level until the end of 2022 to check the damage caused to the US economy due to coronavirus COVID-19 pandemic. All members of the Federal Open Market Committee said that the rate would remain near zero through 2021 and all but two members of the high-powered committee say that rates would stay near zero in 2022 as well.
