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.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.