The central bank will keep interest rates close to zero until the end of 2022.
The U.S. Federal Reserve Board has announced that interest rates will remain practically zero until the end of 2022.
In addition to changing rates, the Fed said it would continue to buy ...
$ 80 billion in bonds a month and $ 40 billion in mortgage-backed securities.
In terms of the economy, the Fed sees the US GDP will drop 6.5% in 2020, but returned to 5% growth in 2021. With the interest rate decision, central bankers forecasted the economy to contract on Wednesday by 6.5% in 2020, the Fed also forecasts interest rates to remain near zero for at least 2022. However, even with the economic downturn, the Fed's balance sheet, in which it holds its assets, has risen to over $ 7.2 billion .