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Fed maintains easy monetary policy; keeps interest rates near zero

Updated : March 18, 2021 12:03:53 IST

Fed Chair Jerome Powell kept overnight interest rates unchanged at 0-0.25 percent even as he expected growth to pick up.
He vowed to maintain an easy stance until the Fed nurses the US economy back to health.
The economy is a long way from our employment and inflation goals, he said, and it will take time to reach there.
Fed maintains easy monetary policy; keeps interest rates near zero
Published : March 18, 2021 10:59 AM IST

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