Federal Reserve: economy is recovering faster than expected

The minutes of the Federal Reserve meeting on September 15-16 showed that the majority of members saw that the US economy's recovery is faster than expected during the past few months compared to the second quarter.

 

The Fed members noted that corporate investments began to recover recently, and that the economic activity in general was better than expected, albeit still below pre-pandemic levels.

 

The Federal Reserve also stressed the need for more fiscal support to continue the rapid recovery.

 

Members of the bank see that the lack of more fiscal support from the US Congress means further difficulties for families, businesses and the US economy.


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Posted By laraparker : 08 October, 2020
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