US Fed says economic recovery only modest at start of year, job gains slow

Federal officials in recent days have rebutted that idea by noting the long list of problems still facing the economy, from high joblessness to weak inflation, that would need to ease before it considers any change in monetary policy. (REUTERS) — Federal officials in recent days have rebutted that idea by noting the long list of problems still facing the economy, from high joblessness to weak inflation, that would need to ease before it considers any change in monetary policy. **(REUTERS)**

1 min read . Updated: 04 Mar 2021, 06:56 AM IST Reuters

The US central bank holds its next policy meeting in two weeks, at a time of increased optimism the coming year will see risks from the coronavirus pandemic subside, and the economy register strong growth

The U.S. economic recovery continued at a modest pace over the first weeks of this year, with businesses optimistic about the months to come and demand for housing "robust," but only slow improvement in the job market, the Federal Reserve reported on Wednesday.

The U.S. central bank holds its next policy meeting in two weeks, at a time of increased optimism the coming year will see risks from the coronavirus pandemic subside, and the economy register strong growth.