U.S. Stocks Book Worst Daily Losses Since October as Powell Stresses Long Road to Recovery and Short Squeeze Drama Plays Out

Portfolio Manager Zhiwei Ren shared his thoughts with Joy Wiltermuth of MarketWatch following the Fed’s first meeting of 2021 where the FOMC decided to hold interest rates steady near zero. Zhiwei notes the central bank has kept interest rates near zero to support the unemployment part of their dual mandate.

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