Stock photo: Jerome PowellFederal Reserve Chairman Jerome Powell (photo: Bloomberg)

The Federal Reserve on Wednesday reaffirmed its commitment touse "its full range of tools to support the U.S. economy in thischallenging time" when the Covid-19 pandemic is "causing tremendous humanand economic hardship across the U.S. and around the world."

In their latest monetary meeting, Fed policymakers also agreed,in another unanimous decision, to leave the federal funds interestrate within a range of 0 percent to 0.25 percent.

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Bernice Napach

Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times,, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.