Federal Reserve Vows to Support US Economy's 'Long Road' to Recovery After Dire 2020

On Wednesday, the US Federal Reserve. USA He said he plans years of extraordinary support for an economy facing a stormy pullback from the coronavirus pandemic, with policy makers projecting that the economy will shrink 6.5% in 2020 and the unemployment rate will be 9.3% by year-end. .

In the early economic projections of the pandemic era, US central bank policymakers. USA They put in numbers what has been an emerging narrative: that closings, restrictions and other measures used to combat a health crisis will resonate in the economy for years to come rather than being quickly reversed as trade reopened.

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