US interest rates to remain low

The United States Federal Reserve has kept interest rates on hold at close to zero. The US Central...

EWN default image new logo

The <?xml:namespace prefix="st1" ns="urn:schemas-microsoft-com:office:smarttags"?><country-region w:st="on"><place w:st="on">United States</country-region> Federal Reserve has kept interest rates on hold at close to zero.

The US Central Bank’s Policy Committee said it expected to keep the exceptionally low rates for some time.

However, they were vowing to employ all available tools to assist the economy in bouncing back, including purchasing <country-region w:st="on"><place w:st="on">United States</country-region> government debt to help boost the markets.