The main federal funds rate, at which banks charge each other, has been kept at 2%, marking the first time in 10 months the Fed has failed to reduce interest rates.
The latest decision was approved by a 9-1 vote with Richard Fisher, president of the Fed's regional bank in Dallas, calling for a rise in interest rates now to fight inflation.
It is a situation that the head of the International Monetary Fund, Dominique Strauss-Kahn, recently described as being caught between "fire and ice". . . more news
The latest decision was approved by a 9-1 vote with Richard Fisher, president of the Fed's regional bank in Dallas, calling for a rise in interest rates now to fight inflation.
It is a situation that the head of the International Monetary Fund, Dominique Strauss-Kahn, recently described as being caught between "fire and ice". . . more news
