The Federal Reserve has reiterated that the US economy is only growing slowly, and that the country’s unemployment rate “remains elevated”.
Yet it added that the housing market had “shown some further signs of improvement”.
The comments came as the US central bank kept interest rates on hold at between zero and 0.25%, as had been widely expected.
The Fed is also continuing with a third round of quantitative easing (QE)….
Choosen excerpts by JMM from
Federal Reserve says US unemployment ‘elevated’