11/25/2020, 8:08 PM (Source: TeleTrader)
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FOMC minutes: Economy still well below pre-pandemic levels

The United States recovery from the crisis caused by the coronavirus pandemic continues, the Federal Reserve said in the Federal Open Market Committee (FOMC) meeting minutes on Wednesday, noting, however, the economic activity and employment remain below the pre-pandemic levels.

The central bank reiterated that the future of the economy will depend on the course of the coronavirus, which still poses considerable risk to both the near and medium term outlook.

"The Committee will continue to monitor the implications of incoming information for the economic outlook," the press release states and asserts that the Fed "is committed to using its full range of tools to support the US economy in this challenging time."

Breaking the News / MD