Fed: Will use ‘full range of tools’ to boost economy

THE FEDERAL RESERVE told Congress that it intends to utilize its full range of tools to combat the economic impact of the COVID-19 pandemic. / AP FILE PHOTO/MANUEL BALCE CENETA
THE FEDERAL RESERVE told Congress that it intends to utilize its full range of tools to combat the economic impact of the COVID-19 pandemic. / AP FILE PHOTO/MANUEL BALCE CENETA
WASHINGTON (AP) – The Federal Reserve has promised to use its “full range of tools” to pull the country out of a deep recession caused by a global pandemic, signaling that it would keep interest rates low through 2022. In its semi-annual monetary policy report to Congress, the central bank said Friday that the COVID-19 outbreak…

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