Federal Reserve Press Release
Wednesday, April 29, 2020 in Press
The Federal Reserve left rates unchanged at its April policy meeting, while its statement addressed the dramatic deterioration of the economic outlook since their last meeting in March and made clear they are “committed to using its full range of tools to support the U.S. economy in this challenging time.” The committee kept the interest rate paid on required and excess reserves unchanged at 0.10%.
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The Federal Reserve called the banking system strong but imposed new restrictions to keep it that way at least through the third quarter 2020, according to CNN Business.