In a statement, the council affirmed its commitment to using a full set of tools to support the American economy at this difficult time and thus enhance the maximum employment targets and price stability.
He pointed out that the measures taken to protect public health cause a sharp decrease in economic activity and an increase in job losses.
The council explained that the turmoil in economic activity here and abroad greatly affected financial conditions and impeded the flow of credit to American families and companies.
The board decided to keep the interest rate at (zero) to 0.25%, warning that its open market committee expects to maintain this target range until you trust that the economy It has gone beyond recent events and is on the right track to achieving maximum employment targets and price stability.
This decision came after a meeting held by members of the Open Market Committee in the Council on the 28th and 29th of last April.
