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Fed to Keep Buying Bonds to Boost U.S. Economy
The Federal Reserve says it will continue buying $85 billion in bonds per month under a program that aims to stimulate the economy.
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The Federal Reserve says it will continue buying $85 billion in bonds per month under a program that aims to stimulate the economy.
After the previous meeting of Fed policymakers in March, the central bank said it had begun to consider when to begin winding down its bond purchases. The statement after this week's meeting says the Fed is ready to increase or decrease the amount of bonds purchased each month, depending on inflation and the job market.
Central bankers also decided to hold the key overnight bank lending rate in the range from zero to 0.25% where it has been since December 2008.
The Fed says unemployment remains too high to consider tightening monetary policy.
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