Markets

‘Plenty of tricks up their sleeve’: Here’s what 4 experts think about the Fed’s dismal economic forecast and extension of near-zero rates

The Federal Reserve’s extension of near-zero interest rates was largely expected, but statements from chairman Jerome Powell and new economic forecasts left experts plenty to digest. Powell warned of a “long road” to labour-market recovery, while the central bank’s first projections since December see historically low rates lasting through 2022. […]
‘Plenty of tricks up their sleeve’: Here’s what 4 experts think about the Fed’s dismal economic forecast and extension of near-zero rates