Federal Reserve Chairman Jerome Powell speaks to the news media following the two-day Federal Open Market Committee that concluded Wednesday.
The Fed kept rates near zero and forecast keeping them there through the end of 2022.
The market also will be watching for clues about how the Fed intends to continue with the myriad liquidity and lending programs it has instituted in the wake of the coronavirus pandemic.
Powell’s appearance also comes just two days after the National Bureau of Economic Research declared the U.S. to be in a recession. The chairman has said he sees a sharp downturn in the second quarter to be followed by a fairly sharp gain through the rest of the year.
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