U.S. Fed keeps interest rate unchanged

11:20, April 29, 2010      

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Graphics shows the U.S. Federal Reserve announced to keep the federal fund rates at historic low level of zero to 0.25 percent "for an extended period" to boost the economic recovery on April 28, 2010. (Xinhua/Zhang Liyun)

The U.S. Federal Reserve announced Wednesday to keep the federal funds rate at historic low level of zero to 0.25 percent "for an extended period" to boost the economic recovery.

U.S. "economic activity has continued to strengthen and that the labor market is beginning to improve," the Fed said in a statement after policymaking panel meeting.

Federal Open Market Committee (FOMC), the interest rate policy making body of the central bank said that it will maintain the target range for the federal funds rate and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.


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http://english.people.com.cn/90001/90777/90852/6967533.pdf