7.30.20 Fed Says We’ve Got Your Back For as Long as It Takes
The Federal Reserve (Fed) completed its latest two-day policy meeting Wednesday, July 29, and the primary message coming from the world’s most important central bank was a continued commitment to supporting the economy as long as it’s needed—and probably even a little longer, we believe, just to provide a margin of error.
The Fed kept the target range for its key policy rate unchanged at 0–0.25% and committed to continued bond purchases. In separate announcements it also extended several of its emergency lending programs through the end of 2020.
“The Fed’s got the economy’s b... Read more