The Fed Keeps Rates Near Zero -- and Pledges to Do More if Needed

As widely expected, the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, left interest rates unchanged in a unanimous vote. The benchmark federal funds rate remains at a target range of 0%-0.25% for the time being and will stay there until the COVID-19 pandemic and its economic effects are largely behind us.

"The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals," the FOMC said in its statement. 

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Source Fool.com