The Fed Decides to Remain Near Zero
The Federal Reserve put a floor under its large-scale asset purchases and projected interest rates will remain near zero through at least 2022 as policy makers seek to speed the economy’s recovery from the coronavirus recession. To discuss the news and break down Fed Chair Jay Powell's press conference are Bloomberg News Global Economics and Policy Editor Kathleen Hays, Frances Donald, Global Chief Economist at Manulife Investment Management, Lewis Alexander, Chief US Economist at Nomura, Bloomberg Intelligence Chief U.S. Interest Rate Strategist Ira Jersey, Lindsey Piegza, Chief Economist at Stifel Financial and Shawn Cruz, Manager of Trader Strategy at TD Ameritrade. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway.