On Thursday, Fed Chair Jerome Powell said the central bank will maintain its near-zero interest rate and repeats its commitment to using its full range of tools to support the U.S. economy. However, Powell also noted the 'concerning' rise of COVID-19 cases and said it could hinder economic recovery. Jim Bianco, President & Macro Strategist at Bianco Research, says he believes the Federal Reserve is deeply concerned about a downturn in the economy.