(Bloomberg)—Federal Reserve officials kept monetary policy in a holding pattern, leaving interest rates near zero and making no change to asset purchases, as the final results of U.S. presidential and congressional elections remain uncertain.
“Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year,” the Federal Open Market Committee said in a statement Thursday following a two-day meeting, largely repeating language on the economy they’ve employed since July. That marked only a slight tweak from the previous statement saying the economy and jobs had “picked up in recent months.”
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