The Federal Reserve has kept its benchmark interest rate unchanged, according to a statement released by the U.S. central bank after a two-day monetary policy meeting.
For more on this, CRI's Yu Yang spoke to David Dollar, senior fellow with the Foreign Policy and Global Economy and Development programs.
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Questions:
1. Were you surprised by the Fed decision not to move on interest rates?
2. What are the motivating factors behind leaving the rates unchanged?
3. What will be the potential impact on the Chinese economy when the Fed eventually does decide to hike its rates?
