Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve's two-day Federal Open Market Committee Meeting in Washington, US, July 31, 2019. REUTERS
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve's two-day Federal Open Market Committee Meeting in Washington, US, July 31, 2019. REUTERS

Economy

Fed signals it will probably hold rates near zero for months as coronavirus batters economy

Central bank warns outbreak is causing sharp declines in economic activity and surge in job losses

The National

April 30, 2020