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Last updated: 27 Sep, 2014  

UsFederalReserve.THMB.jpg US central bank keeps interest rates at record low

UsFederalReserve.jpg
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» India’s forex reserves on way to reclaim all-time high of $704.8 billion
» Centre notifies new rules for GST Appellate Tribunal
» India’s steel industry poised for global growth, focus on FTAs and self-reliance: Piyush Goyal
» Sensex, Nifty plunge over 1 per cent amid geopolitical tensions
» ‘India Steel 2025’ to deliver roadmap on capitalising international market
DPA | 29 Apr, 2010
The US Federal Reserve continued to keep interest rates at a record low of near zero percent to help fuel a recovery in the world's largest economy.

The Fed's benchmark federal funds rate has been held at a 0-0.25-percent range since December 2008. A statement from the Fed's board maintained language that rates would be held low "for an extended period".

One of the Fed's 10 board members opposed the central bank's statement, preferring to signal that rates will be raised sooner rather than later. 
 
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