29 Apr 2021 03:57AMWASHINGTON: The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday , nodding to the US economy's growing strength but giving no sign it was ready to reduce its support for the recovery.
Coupled with the strong language on the economy, analysts said that suggested at least a small step by the Fed towards the beginnings of a discussion about when to wean the US economy from crisis-era programs. "It is not time yet," to begin discussing any change in policy, Fed Chair Jerome Powell said in a news briefing after the release of the statement, repeating his assessment that the economy was still a long way from a return to full employment.Investors and analysts had expected this week's Fed meeting would see little if any change to the policy statement, and the initial reaction in financial markets was muted.
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