Fed hold rates low after economy 'paused'
- Published: 31 Jan 2013 at 02.44
- Online news: World
The Federal Reserve left its ultra-loose monetary policy unchanged Wednesday, saying the US economy had "paused" in recent months largely due to transitory issues.
A police officer guards the Federal Reserve building on September 10, 2011 in Washington, DC. The Federal Reserve left its ultra-loose monetary policy unchanged Wednesday, saying the US economy had "paused" in recent months largely due to transitory issues.
The Fed kept its record-low key interest rate between zero and 0.25 percent, as expected, to push down long-term interest rates to boost the economy.
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