World’s biggest central banks meet as pressure mounts to do more

The U.S. Federal Reserve's April 28-29 policy meeting will be the first scheduled gathering since January, but officials have met multiple times since then.

GLOBAL central banks remain under pressure to do more to support their economies through the coronavirus recession even after driving interest rates to record lows and pledging to spend trillions of dollars on asset purchases.

The U.S. Federal Reserve, Bank of Japan and European Central Bank, which together cover almost half of global output, will all convene meetings of policy makers this week after the pandemic-driven freezing of economies and turmoil in financial markets propelled them into action.