Fed to Continue Purchasing Bonds; Keeps Rates in Place

In a news release, the Federal Reserve said it will maintain the current federal fund rate and continue bond purchases.

Fed Continues to Keep Stimulus in Place

According to the minutes from the April 30-May 1 FOMC meeting, all but one member judged that a highly accommodative stance of monetary policy was warranted in order to foster a stronger economic recovery in a context of price stability.