The Federal Reserve Banks are unlikely to “even think about withdrawing policy support” according to Jerome Powell, Fed’s chair.
“We need to guard against the downside risks and not even think about withdrawing policy support until we see that we are really through the pandemic,” Powell said at the Economic Club of New York.
The Federal Reserve Banks are currently purchasing about $80 billion in treasuries and $40 billion in mortgage bonds with it also launching a corporate bonds purchase program.
