U.S. Fed maintains stimulus measures
It was a decision that was widely expected.
On Wednesday, the U.S. Federal Reserve announced it would maintain its stimulus bond-buying program at the current level of 85 billion dollars a month.
It also decided to keep interest rates at record lows.
The stimulus program has been in place for more than a year now and the central bank has held interest rates near zero since late 2008.
The Fed's Open Market Committee showed less optimism about growth in its latest report, saying the U.S. economy is still only growing at a moderate pace.
And while the temporary government shutdown earlier in October was not explicitly mentioned, Fed Chairman Ben Bernanke has often argued the policies of lawmakers in Washington are hurting economic growth.
The Fed also noted the housing market has been slowing in recent months.
There was some positive news though with the Fed saying consumer and business spending has been picking up.
In the meantime, two separate reports also released Wednesday supported the Fed's decision to continue with its stimulus policy.
One shows private sector employers hired the fewest number of workers in six months in October and the other showed the U.S. consumer price index is still showing benign inflation.
Connie Lee, Arirang News.
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