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Fed holds rates, readopts strategy framework to reflect economic changes The Federal Open Market Committee (FOMC) voted via videoconference Wednesday to maintain the federal funds target rate at its current range of 0 to 0.25 percent as the economy works to recover from the effects of the ongoing pandemic. NAFCU Chief Economist and Vice President of Research Curt Long detailed insights from the first meeting of the year in a new “The FOMC acknowledged that the economic recovery stalled in recent months due to the rise in COVID-19 cases,” said NAFCU Chief Economist and Vice President of Research Curt Long. “While there was a reference to the progress on vaccine distribution and its potential to alter the path of economy, there was no indication that a change in asset purchase volume is anywhere in view.”

Market committeeResearch curt longFederal open market committeeVice presidentMacro data flashResearch curtLonger run goalsMonetary policy strategyசந்தை குழுஆராய்ச்சி கர்ட் நீண்டதுகூட்டாட்சியின் திறந்த சந்தை குழுதுணை ப்ரெஸிடெஂட்மேக்ரோ தகவல்கள் ஃபிளாஷ்ஆராய்ச்சி கர்ட்நீண்டது ஓடு இலக்குகள்பண பாலிஸீ மூலோபாயம்