Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020

The U.S. Federal Reserve on Wednesday signaled it would provide years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year’s end.

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Source:: Reuters – Business News