At a press conference after the interest rate resolution, Federal Reserve Chairman Colin Powell said that the Delta strain will have an impact on public health, but the recent outbreak has less impact on the economy. A new wave of Delta strains could put pressure on the labour market again and is being carefully monitored.
Powell said that as long as the COVID-19 epidemic is not over, no one can guarantee safety.
The Fed left the target range of the federal funds rate unchanged at 0-0.25% on Wednesday and said the economy was making progress towards meeting the conditions for underweight bond purchases.