Fed Chair Jerome Powell said Wednesday he believes more fiscal support will be needed.
The Fed said it will maintain accommodative rates until inflation averages 2%.
When new guidance does come, 65% of economists expect an approach linked to inflation.
The loan volume for the program, which has the capacity to lend $600 billion, has so far disappointed.
The shift in how the Fed seeks to control inflation may sound meager, but it’s meaningful.
Inadequate efforts by government leaders to control the virus are prolonging the downturn, they say.
Since mid-March, the Fed has opened nine emergency programs.
The nominee has been knocked for her unorthodox views on monetary policy, and one critic calls her a “dangerous pick.”
U.S. central bankers dropped some strong hints they will tie future moves to inflation.
The Fed chairman continues to stress that the U.S. has a long road to recovery.
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