U.S. Fed to maintain ultra-loose policy as economic recovery far from complete

29th Apr, 2021

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Photo taken on Feb. 17, 2021 shows the U.S. Federal Reserve in Washington, D.C., the United States.(Photo: Xinhua)


The U.S. Federal Reserve is expected to maintain its ultra-loose monetary policy as the economic recovery remains far from complete, analysts said. "We expect the Fed to maintain its policy rate between a range of zero and 0.25%, with no changes to the central bank's forward guidance with respect to asset purchases," following a two-day policy meeting that will end on Wednesday, said Joseph Brusuelas, chief economist at accounting and consulting firm RSM US LLP.

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