News Column

Fed Keeps Interest Rates Near Zero

April 27, 2011

The Federal Reserve left interest rates at a record low of near 0 per cent on Wednesday.

The central bank kept its key interest rate at 0 percent to 0.25 percent following a meeting of its board of governors.

The announcement came less than two hours before Federal Reserve Chairman Ben Bernanke was scheduled to give an unprecedented press conference to take questions on the Fed's decision and its monetary policy.

Source: Copyright 2011 dpa Deutsche Presse-Agentur GmbH

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