Fed maintains zero interest rates, says public health crisis poses risks to medium-term economic outlook
On November 5, local time, the Federal Reserve announced its latest interest rate resolution, keeping the benchmark interest rate unchanged in the range of 0% to 0.25%, and the asset purchase plan also remained unchanged.
"Economic activity and employment continue to recover, but it is still far below the level at the beginning of the year." The Federal Open Market Committee, which is responsible for setting monetary policy, issued a statement on the 5th after a two-day meeting, stating that "the ongoing public health crisis will be in the short term. China continues to put pressure on economic activity, employment and inflation, and poses considerable risks to the medium-term economic outlook.” (CCTV reporter Gu Xiang)