The Federal Reserve kept its main interest rate close to zero on Wednesday, as officials weighed the impact of the heavy dose of liquidity and stimulus already delivered to the US economy in the last two months.
At the end of a two-day meeting on Wednesday, the Federal Open Market Committee stopped short of any big new monetary policy action or guidance, but pledged to take additional steps if needed.
“The Federal Reserve is committed to using its full range of tools to support the US economy in this challenging time, thereby promoting its maximum employment and price stability goals,” it said.
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