Posted on

Stocks Have Worst Daily Drop in Months: Live Business Updates



Share

Here’s what you need to know:VideotranscriptBackbars0:00/1:55-0:00transcript‘The Path Ahead Remains Highly Uncertain,’ Powell SaysWith economic recovery slowed by a resurgence of the coronavirus, Jerome H. Powell, the Federal Reserve chair, said the Fed would leave interest rates at near-zero and continue making large bond purchases.My colleagues on the FOMC and I kept interest rates near zero and maintained our sizable asset purchases. These measures, along with our strong guidance on interest rates and our balance sheet, will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is complete. …

Read More