- Rates held at 0-0.25%, as expected
- Rates to be kept low ‘at least through late 2014′
- Fed says monitoring developments
- US economic activity has decelerated somewhat over H1
- Repeats that growth expected to remain moderate over coming quarters
- Full text
The key part:
The Committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.
It previously said:
The Committee is prepared to take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.
