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Reuters

The Federal Reserve is scheduled to release its latest policy statement on Thursday after two days of debate in which policymakers lacked a critical piece of information: who will run the United States for the next four years. With the final result of Tuesday’s presidential election still uncertain, the U.S. central bank’s policy-setting Federal Open Market Committee is expected to stick closely to its last statement and repeat its pledge to do whatever it can to help the economy through the coronavirus-triggered recession. Until it’s clear who the next U.S. president will be, “it is the wrong time to be in the public eye,” said William English, a former head of the Fed’s monetary affairs division and now a professor at the Yale School of Management.

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