May 2, 2020

by Mish Shedlock, The Maven:

The Fed held interest rates at 0-25 basis points at today’s FOMC meeting as everyone expected. It did emphasize one lie.

Full Range of Tools and Lies

Here is the Federal Reserve FOMC statement.

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

Tag: Just Repeats One lie

Fed Says Nothing New, Just Repeats One lie