With virus war still raging, Fed peers out of the foxhole
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WASHINGTON (Reuters) - The Federal Reserve has two core jobs assigned by Congress: Foster maximum employment and stable prices.The U.S. central bank begins a two-day policy meeting on Tuesday with no control over either, and little ability even to judge where an economy battered by the coronavirus epidemic is headed. Central banks, after all, don't lift lockdowns.And in the upside-down world of pandemic economics, firms may help the economy most by staying closed and workers may be better off..