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REACT: The Fed's "GDP projections are not......>

FOMC
FOMC: REACT: The Fed's "GDP projections are not too far off the broader
consensus for 2020 and they see quite a strong rebound next year, with above
trend growth persisting through 2022," Fitch Ratings chief Economist Brian
Coulton said. "This could be taken as somewhat reassuring after Powell's earlier
comments about medium term damage from the crisis. The shift in guidance on the
pace of asset purchases from 'whatever it takes to ensure smooth market
functioning' to 'continuing at least at the current pace' suggest some dialing
back in the rate of easing, particularly since the rate of balance sheet
expansion has slowed since April." 

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