Economy

In last meeting before election, the Fed could placate markets with promise of low rates for years

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Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020.

Tasos Katopodis | Reuters

The Federal Reserve is unlikely to take any new policy actions at its final meeting before the presidential election, but it is expected to indicate it will keep its dovish policy in place for years to come while the economy and labor market heal.

The Fed meeting wraps up with a 2 p.m. ET statement Wednesday, and then Fed Chairman Jerome…



Source cnbc.com

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