Fed Markedly Downgraded Economic Assessments on Sharp Decline in Activities and Surge in Unemployment

<p>While maintaining all monetary policy measures unchanged in April, FOMC sent a more negative message about the economy. The members noted the sharp deterioration in economic activities and a jump in unemployment, cautioning that the negative impacts could prolong in the medium term. The Fed pledged to maintain the ultra expansionary policy announced in March. […]</p>
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