Business executives, including those within the seniors housing industry, likely can expect additional help from the Federal Reserve as the COVID-19 pandemic continues to take its toll on the nation’s economy.
In a statement released Wednesday at the conclusion of the central bank’s policy meeting, the Fed noted economic activity and jobs “have picked up somewhat in recent months.” But the agency pledged again to use its full range of tools to support further improvement.
“The path of the U.S. economy will depend significantly on the course of the virus,” the Fed said.
In a unanimous decision during the policy meeting, the central bank voted to keep its federal funds rates close to zero and again said it would keep interest rates near zero until employment recovers and inflation picks up.
