Federal Reserve warns US recovery is stalling

The Federal Reserve has warned the US economy's recovery is stalling as rocketing Covid-19 infections force states to reverse reopenings. Stocks on Wall Street added to their gains after the central bank promised to keep interest rates at rock-bottom levels as it warned the fate of the economy will “depend significantly on the course of the virus”. Fed chair Jerome Powell vowed to do “what we can for as long as it takes to provide some relief and stability”. “We hav