Several Fed Policymakers See More Easing Ahead To Help Brace Economy

• Several Federal Reserve policymakers say the U.S. central bank may need to ease monetary policy further to help nurse the economy through the coronavirus pandemic, minutes from their policy meeting last month showed on Wednesday.
• The Fed has already slashed interest rates to zero and bought trillions of dollars of bonds in response to the economic crisis spurred by the coronavirus, moves that have provided a boost to jobs and spending.
• However, according to the readout of the July 28-29 policy meeting, members of the rate-setting Federal Open Market Committee saw the rebound in employment already slowing and additional “substantial improvement” hinging on a “broad and sustained” reopening of business activity.

 (Source: Reuters)