Fed touts economic recovery, vows to keep interest rates low
By Editor - Wed Sep 16, 9:15 pm
The Federal Reserve on Wednesday vowed to keep interest rates near zero until inflation is on track to overshoot the U.S. central bank’s 2% target, a bold new promise aimed at bringing millions of out-of-work Americans back to the labor market. Underscoring the depth of disagreement, and the economic uncertainty that underlies it, the decision drew two dissents, one from a policymaker who thought it went too far, and the other from one who thought it didn’t go far enough. It was also the Fed’s last policy decision before the Nov.
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