Fed keeps policy steady as Biden moves towards victory

Washington

THE US Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in the coming months to sustain a US economic recovery that's losing speed amid a spreading coronavirus pandemic and uncertainty over a still-undecided presidential election.

The economy is still growing but "I would not say that anybody is feeling comfortable about this," Fed chairman Jerome Powell said in a news conference after the Fed's latest two-day policy meeting.