Fed likely to stay the course despite U.S. economy's growing momentum

Washington (Arp 28)   The U.S. economy has had a steady run of good news in recent months, with job gains accelerating as businesses reopen and forecasters projecting that 2021 will see the strongest GDP growth in decades.

But the Federal Reserve has shown no sign that there has been enough progress yet to ease the support for the economy that it put in place at the onset of the pandemic, including a promise to keep its key overnight interest rate near zero for years to come and to keep buying $120 billion in government bonds and mortgage-backed securities each month.

Reuters