The chair of the Federal Reserve, Jerome H. Powell, reiterated at a news conference on Wednesday that the health of the economy will continue to be tied to the whether the coronavirus can be kept in check. He spoke after the central bank pledged to keep supporting the United States economy as the pandemic continues to depress economic growth and sideline millions of workers.
“We’re not even thinking about thinking about thinking about raising rates.” The Federal Reserve left interest rates near zero on Wednesday, and Mr. Powell made clear officials plan to keep rates at rock-bottom for the foreseeable future.
Mr. Powell said it was important that the Fed keep its programs in place “until we’re very confident that the turmoil from the pandemic and the economic fallout are behind us.”
The Fed said on Wednesday that it would also extend its programs meant to keep dollar funding readily available to foreign central…