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Even as economy heats up, Fed likely to stick with near-zero interest rates

by staff

Fed Chair Jerome Powell is seen June 30, 2020, at a House oversight committee hearing in Washington. At an upcoming news conference, Powell will likely underscore his view that the economy is far from fully recovered and needs the central bank’s continued support in the form of low borrowing costs. (Bill O’Leary/Abaca Press/TNS)

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