U.S. Fed Policy - No Changes In Rates, Liquidity Support; Economic Outlook Revised: Care Ratings
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Care Ratings Research Report
The Federal Reserve’s Open Market Committee unanimously decided to maintain the federal fund rate at 0 – 0.25% in its last credit policy for 2020.
The Committee asserted that it will be appropriate to maintain the policy rates in this target range until labour market conditions are consistent with the assessment of maximum employment and inflation averages 2% over time.
It also expects to maintain an accommodative stance until these outcomes are achieved.
The FOMC continues to believe that the outlook for the U.S. economy is uncertain and depends on the course of the virus.
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