Fed opens policy final 2020 meeting amid uncertain economy

Washington (AFP) – US central bankers on Tuesday opened their final policy meeting of the year to review how best to support the economy as the Covid-19 vaccine rollout gets underway. But with the benchmark lending rate already at zero, there is little left for the Federal Reserve to do, absent an agreement in Congress on a new federal relief package to help ailing businesses and unemployed workers. At most, economists say officials in the policy-setting Federal Open Markets Committee (FOMC) could provide more information on potentially increasing the pace of bond purchases above the current $…

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