Federal Reserve Vows To Help Economy Weather The Pandemic Recession

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The Fed left interest rates near zero on Wednesday — and promised to use all of its tools to support the ailing economy. Officials project unemployment above 9% at the end of this year.

a better-than-expected jobs report last week

"The May employment report, of course, was a welcome surprise," Powell said."We hope we get many more like it. But I think we have to be honest. It's a long road."consumer prices fell in May

 

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But POTUS says the economy is the best in the world.

Their biggest weapon is interest rates and now that that’s gone what the fk they Donna do now

So the government gets a break, and we couldn’t get a rent freeze?

I thought they had two tools...

Can’t start the economy until we’ve got a handle on the virus. Can’t get a handle on the virus until there is infrastructure not currently present to track it. Lending money to the rich via banks doesn’t help the average American.

They will raise them once a Dem is in office, so things look worse for them.

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