Federal decision to continue 120 120 billion bond buying program

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Mumbai, Ta. Thursday, December 17, 2020

At its final meeting this year, the US Federal Reserve announced that it would continue with a bond-buying program of at least 150 billion a month. Liquidity in the market will continue to flow until employment and inflation figures return to the early levels of 2020, according to a statement issued by the Federal Open Market Committee.

The U.S. is seeing a recovery in economic activity and employment, but the current level is much lower than it was earlier this year.

The committee also unanimously decided to keep the interest rate in the range of zero to five per cent. Most federal officials expect the rate to be maintained until 203.

Monetary policy will be made more liberal if the recovery appears to have slowed down, committee chairman Jerome Powell told reporters after the meeting. "Our current policy is pro-employment and pro-inflation," he said.

"The current interest rate and liquidity measures are providing strong support to the economy," he said.


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