US Federal Reserve Chairman Ben Bernanke says the central bank's stimulus program will remain in place, in spite of expectations the Fed would begin tapering its spending. It's hoped the move will help boost economic recovery.
The American central bank has announced the end of its post-financial crisis stimulus program, nearly a decade after unleashing massive asset purchases that boosted its balance sheet to levels not seen before.
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
The US central bank has signaled it's ready to start selling more than a trillion dollars worth of assets it accumulated in the wake of the financial crisis, suggesting the US economy can do without further stimulus.
The US Federal Reserve is starting a two-day review of its monetary policy. Markets expect the third interest rate increase since December 2016 at its conclusion.
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