U.S. Federal Reserve tries to boost COVID-19 recovery

Owen Fairclough

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01:22

The U.S. central bank kept interest rates at close to zero Wednesdayto try to help the economy recover from the pandemic.

The Fed's benchmark lendingrate has been pared back toaround a quarter of a percent, to stimulate borrowing and consumption.

But a growing number of critics think this period of cheap money is becoming a threat.

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