WASHINGTON: After a year in which the Federal Reserve pushed out unprecedented lending to support the economy while pleading for government stimulus that never came, central bankers could show early signs of optimism next week.
The policy-setting Federal Open Market Committee (FOMC) will open its final meeting of 2020 on Tuesday, capping a year that saw the world's largest economy contract massively due to Covid-19, and Joe Biden oust President Donald Trump in the November presidential election.
The Fed and its chair Jerome Powell likely will, as usual, steer clear of making any political statement, but experts say they likely will update their view on how the economy will fare in 2021 as vaccines against the virus are rolled out.
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