With rates near zero, Fed still has a role to play

The Bond Buyer – Hank Smith, Head of Investment Strategy, spoke with The Bond Buyer about the Fed and economic recovery in advance of the FOMC meeting. The markets are concerned that the rise in COVID-19 cases could force “draconian lockdowns, like last spring’s, which will impede the economic recovery,” Smith said. “It will be interesting if Jay Powell comments on the economic (and health) impact of lockdowns.” Click to read article