Federal Reserve keeps interest rates steady

Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. - The US central bank held its policy interest rate steady on Wednesday, but again said it is monitoring "global developments" to decide its next move. The Fed's policy-setting Federal Open Market Committee left the benchmark interest rate in the target range of 1.5 to 1.75 percent as expected, though it made no mention of the deadly virus outbreak in China which is feared to cause damage to the global economy. (Photo by MANDEL NGAN/AFP via Getty Images)

Federal Reserve keeps interest rates steady

Policymakers unanimously agreed to maintain rates hovering between 1.5% and 1.75% as they pointed to continued signs of a strong economy.

00:50 - Source: CNN Business

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Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. - The US central bank held its policy interest rate steady on Wednesday, but again said it is monitoring "global developments" to decide its next move. The Fed's policy-setting Federal Open Market Committee left the benchmark interest rate in the target range of 1.5 to 1.75 percent as expected, though it made no mention of the deadly virus outbreak in China which is feared to cause damage to the global economy. (Photo by MANDEL NGAN/AFP via Getty Images)

Federal Reserve keeps interest rates steady

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