Fed Maintains Stimulus Commitment as Economic Outlook Dims – USA DAILY NEWS

Fed Maintains Stimulus Commitment as Economic Outlook Dims

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Federal Reserve Chairman Jerome Powell said on Wednesday the U.S. economy faces a long road to recovery that will require greater public vigilance to prevent the spread of the coronavirus pandemic and more spending from Congress and the White House.

Fed officials didn’t announce new policy steps at the conclusion of their two-day meeting Wednesday and reiterated their pledge to maintain aggressive measures to support the economy.