The American economy has lost strength, but the Fed does not implement new measures for the economy, disappointing market expectations. As expected, the FOMC left rates unchanged between zero and 0,25% but did not extend its commitment to keeping interest rates low beyond the end of 2014. However, she said she was ready to do more: "The Commission will closely monitor the data that will arrive on economic and financial developments and will take the necessary measures", she specified. In fact, the Fed affirms that the economy is in a phase of “deceleration, to some extent”, and expects moderate growth in the coming quarters and a very gradual recovery, underlining that “the tensions on the global financial markets continue to pose significant risks to the down” for the economy with medium-term inflation remaining at or below target. On the employment front, he reiterated his disappointment at slow progress in bringing the national unemployment rate down to 8,2% while the housing sector remains under pressure. The FOMC governors voted unanimously with the exception of Jeffrewy Lacker.
