November 25, 2020

US economic suffering may rise without stimulus: Fed minutes

Washington (AFP) – Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its recovery from the pandemic, according to minutes of the central bank’s latest policy meeting released Wednesday.Members of the Federal Open Market Committee (FOMC) also considered future changes in its strategy of buying Treasury assets and mortgage-backed securities, the minutes from the November 4-5 meeting said.US central bankers including Fed Chair Jerome Powell have been gently prodding Washington lawmakers for more stimulus spendi…


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