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June 7, 2020
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Reuters - Business

Instant view: Powell: Fed not looking at negative rates

(Reuters) – Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the country could face an “extended period” of weak growth and stagnant incomes, pledged to use more Fed power as needed, and issued a......
Reuters - Business

Fed keeps rates steady, vows to maintain coronavirus measures

NEW YORK (Reuters) – Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the economy, saying the ongoing coronavirus pandemic will “weigh heavily” on the near-term outlook and poses “considerable risks” for the medium term. HIGHLIGHTS: **......

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