Fed keeps policy on course; says economy picking up | Bangkok Post: news

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Fed keeps policy on course; says economy picking up

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The Federal Reserve said Wednesday that the US economy is revving up after a winter chill, and kept its monetary policy course unchanged. 

Federal Reserve Chair Janet Yellen speaks on March 31, 2014 in Chicago, Illinois

The Federal Open Market Committee, led by Fed Chair Janet Yellen, concluded after a two-day meeting that the economy remains in fairly good shape, able to handle the ongoing cutback in its bond-buying stimulus program, but still in need of an ultra-low interest rate.

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