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Powell is expected to say the Fed will keep doing whatever it can while it considers its next move

July 29, 2020


The Federal Reserve is expected to again promise to do whatever it takes to fix the economy at the same time it is working on what more it can do.

The Federal Open Market Committee winds down its two-day July meeting Wednesday with a 2 p.m. ET statement. That will be followed by a press briefing by Fed Chairman Jerome Powell, who could provide an update on the Fed’s view on the economy and also the extraordinary actions it has taken so far..

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