When the post-pandemic worries were eased and all restrictive measures were rolled back, the US Fed became concerned about the effectiveness of the methods aimed at diminishing the coronavirus consequences. Three-month combat showed that a confident economic rise would be possible only amid successful containment of the virus spread.

Analysts suppose that prevention measures to curb the virus spread is the main condition for stable economic growth. At the moment, the US Fed is expected to develop criteria assessing whether the pandemic peak is passed or not. The fact is that the favorable outcome of the Fed’s current and future actions depend on this assessment. The regulator should know for sure whether the gravest crisis period is gone or the disease spread is out of control.

These vital issues will be tackled during the upcoming Fed’s meeting. The current uncertainty frightens the regulator and forces it to change its previous plans. A jump in the US jobs surprised the US Fed. In the previous month, the indicator jumped to more than 2.5 million.  The central bank may even expand or create new emergency stimulus programs amid such events. It should be perfectly aware of the current situation to choose the most appropriate measures to support companies and households in case of the coronavirus weakening. Notably, during the pandemic, the US Fed did not make an attempt to create its own system for monitoring the situation or collecting data.

It just used public information, including some reference materials, and consulted the leading experts. However, there is still no precise data that may prove that the pandemic is over. That is why financial watchdogs find it difficult to decide on economic issues.

According to estimates prepared by some analysts, during the upcoming meeting, the US Fed will hardly adopt harsh measures concerning the existing monetary policy. It is expected to disclose some economic forecasts for the first time since December 2019. Thus, market experts could learn the monetary authorities’ view on the pandemic consequences for the economy. Most experts believe that the global economy has already hit the bottom. Their aim is to find out whether the US regulator shares this opinion.