Economics
Fed Leaves Rates on Hold; Forecasts Show No Change Through 2020
- Powell says policy likely appropriate unless outlook shifts
- Says FOMC might consider buying coupon securities if needed
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The Federal Reserve left interest rates unchanged and signaled it would stay on hold through 2020, keeping it on the sidelines in an election year while also opening the possibility it might buy short-term coupon-bearing securities to ease money-market strain.