US Federal Reserve Keeps Interest Rates Low
270 views · Published 24 September 2009 · 2:04 · Indexed 20 September 2026
Channel: Voice of America · 2009 · News & Politics
The U.S. Federal Reserve says it will keep its benchmark interest rate at historic lows while it winds down a program aimed at propping up the struggling housing market. Although there are signs that the worst recession in decades is starting to ease, members of the Federal Open Market Committee pledged Wednesday to keep rates at one quarter of one percent for an "extended period" - until an economic recovery is firmly in place. VOA's Mil Arcega has more.
