US Federal Reserve to keep interest rates near zero for two years

The US economy is heading for its steepest decline on record because of the Covid-19 pandemic, according to the Federal Reserve. America’s central bank said it would likely keep interest rates “near zero” until at least the end of 2022 in order to support a recovery. Despite a better-than-expected unemployment report, Fed Chief Jerome Powell said he expects millions of Americans to remain out of work for a significant period of time. Powell also weighed in on the protests that have swept the country, saying “racism has no place in our society” and addressing issues of economic inequality.

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In This Story: COVID-19

Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

Symptoms of coronavirus

The main symptoms of coronavirus are:

  • a persistent new cough (non productive, dry)
  • a high temperature (e.g. head feels warm to the touch)
  • shortness of breath (if this is abnormal for the individual, or increased)

Latest News about Covid-19

Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

5 Recent Items: COVID-19

  • Sydney’s pub barons demand COVID road map | 7NEWS
  • Casey Briggs looks at the biggest coronavirus risk Australia now faces in the pandemic | ABC News
  • Lamar Jackson tests positive for COVID-19: NFL report
  • Cases continue to surge in U.S. amid Thanksgiving holiday
  • Indian Banks to See Jump in Non-Performing Loans: CreditSights
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