The United States Federal Reserve (Fed) has kept interest rates in the range between 5.25%-5.5% for the eighth consecutive meeting. The decision, which was in line with expectations, put the price of money at a 23-year high. In its statement, the organization reiterated that «does not expect it to be appropriate to reduce the range goal until you have won greater confidence where inflation is moving from sustainable way towards 2%«. Likewise, the US central bank has insisted on its mandate to achieve maximum employment and inflation at 2% target in the long term. «The Committee considers that the risks to the achievement of its employment and inflation objectives continue to evolve towards a better balance. The economic outlook is uncertainand the Committee is alert to the risks to both sides of its dual mandate,» it stressed. The Fed has also indicated that in assessing the appropriate stance of monetary policy, will continue to monitor the implications of the information received for the economic outlook. «The Committee would stand ready to adjust the stance of monetary policy as appropriate if risks emerge that could impede the achievement of the Committee's objectives. The Committee's assessments will take into account a wide range of information, including readings on the labor market conditionsthe inflationary pressures and the inflation expectationsand financial and international events,» he said. In this sense, for the institution, recent indicators suggest that Economic activity has continued to expand at a solid pace; employment growth has moderated and the unemployment rate has increased but remains low; while inflation has declined over the past year, although it still remains «somewhat elevated.» All in all, the Fed concludes that «in recent months, there has been Some progress towards the 2% inflation target of the Committee».