US Fed revisits Great Recession-era idea of keeping low interest rates


Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to deliver a more rapid recovery from the recession triggered by the coronavirus pandemic. The policymakers "generally indicated support" for tying rate-setting policy to specific economic outcomes, minutes from the U.

S. central bank's June 9-10 policy meeting showed on Wednesday. "A number" favored a promise to leave rates low until inflation meets or even modestly.....

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