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US still far from Fed's goals, with support needed 'for some time': minutes

Added 04-07-21 03:04:02pm EST - “Even as the U.S. economy? gathered steam this year Federal Reserve officials remained? cautious about the continuing risks of the pandemic and? committed to pouring on monetary policy support until a rebound? was more secure, minutes…” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “US still far from Fed's goals, with support needed 'for some time': minutes”. Below is an excerpt from the article.

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Even as the U.S. economy gathered steam this year Federal Reserve officials remained cautious about the continuing risks of the pandemic and committed to pouring on monetary policy support until a rebound was more secure, minutes of the central bank's March meeting reflect.

With their own forecasts projecting the strongest run of economic growth in nearly 40 years, "participants agreed that the economy remained far from the (FedRs) longer-run goals and that the path ahead remained highly uncertain," the Fed's minutes stated on Wednesday.

"Participants noted that it would likely be some time," before conditions improved enough for the Fed to consider pulling support.

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