$OCGN FED STATEMENT: "The Federal Reserve on Wednesday stayed the course on monetary policy, holding interest rates steady and continuing with its asset purchases while being more upbeat about the economic outlook. In post meeting policy statement, the Fed said “amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened” over the past six weeks. Even the sectors hardest hit by the COVID pandemic have shown improvement, the central bank said. The Fed removed language from its prior statement that the ongoing health crisis was a “considerable risk” to the economy. The Fed kept its policy interest-rate close to zero. In addition, the Fed said it would continue buying $120 billion of assets to support the economy.
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