WASHINGTON: Federal Reserve policy-makers, as widely expected, have opted to keep US interest rates at 45-year lows, but have again warned of the risks of falling prices and said rates could stay low for “a considerable period”.
The US central bank’s policy-setting Federal Open Market Committee (FOMC) left the bellwether federal funds rate for overnight loans between banks at 1% after its meeting on Tuesday. That is a 1958 low hit after the Fed cut rates in June for a 13th time since early 2001 to try to foster more vigorous economic expansion.
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