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

US interest rate decision 'necessary'


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".

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