US interest rates held for fifth time in a row
The Federal Reserve's decision, which was broadly expected, means rates remain between the 3.5% and 3.75%.
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Notable Quotes
"We are on the job, we will deliver, we are focused like a laser on making sure we can do it, but the suggestion we are going to be able to wave with our magic wand is one I want to disabuse you and everyone else of."
— Kevin Warsh , Executive
"The biggest smoke signal for the US central bank was the energy market, with the ongoing conflict in Iran likely to influence future rate decisions."
— Richard Flynn , Executive
"The president will want to deliver positive news on the economy."
— Richard Carter , Executive
Key People
Former president of the United States known for his aggressive economic policies.
Kevin Warsh is the Federal Reserve's new chief.
Head of Fixed Interest Research at Quilter Cheviot.
Managing Director at Charles Schwab UK.
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The Federal Reserve's decision, which was broadly expected, means rates remain between the 3.5% and 3.75%.
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