Fed holds zero rates as Jerome Powell warns coronavirus spike hitting economy

The vote, to leave the federal funds target rate in a range of 0% to 0.25%, was unanimous.Jerome Powell and his FOMC colleagues have kept their benchmark rate pinned near zero since the pandemic’s onset in March and rolled out several emergency lending programs

from Livemint - News https://ift.tt/336FGFm
https://ift.tt/eA8V8J