US Fed vows to hold policy rate "as long as appropriate" to bring inflation down

Washington [US], May 2 (ANI): US Federal Reserve Chair Jerome Powell said it was prepared to maintain the current interest rate for "as long as appropriate" so as to align the inflation rate with its 2 per cent target.

The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent, keeping the policy rate unchanged for the sixth straight time on the trot