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Fed Upgrades View of Economy While Keeping Rates Near Zero

  • Policy makers signal risks from pandemic have diminished
  • Inflation’s pickup attributed to ‘transitory factors’
Bloomberg business news
WATCH: Fed Chair Powell says the economic recovery is not complete.Source: Bloomberg)
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Federal Reserve Chair Jerome Powell and his colleagues upgraded their assessment of the U.S. economy but said they were not yet ready to consider scaling back pandemic support.