The Fed already zeroed out borrowing rates and offered massive credit facilities amid the coronavirus downturn, recently expanding them to reach more firms and nonprofit organizations. "This is a sort of a placeholder meeting while they wait for those situations to clarify." Political uncertainty ahead of the vote comes amid continued worries about the world's largest economy amid the coronavirus crisis. "I think that's one reason why the Fed has passed some of this back of Congress. The Fed can't be a political vehicle."

Source: Dhaka Tribune November 01, 2020 03:00 UTC