• News Feeds
Page last updated at 06:39 GMT, Wednesday, 10 August 2011 07:39 UK

US interest rate decision 'necessary'

Advertisement

The Federal Reserve, America's central bank, has said it will keep interest rates near to zero for two more years, in what appears to be an acknowledgement that the US economy is weaker than expected.

Christopher Thornberg, founding partner at Beacon Economics in Los Angeles, explains why "the news shouldn't have been much of a surprise to anybody".


Get in touch with Today via email , Twitter or Facebook or text us on 84844.

SEE ALSO

Story Tools

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific