US Fed keeps interest rates steady near zero percent

The Federal Reserve kept its benchmark interest rate at near zero percent Wednesday and showed no signs of changing course as the US begins to emerge from a 20-month recession.

Unemployment could undercut US recovery: Bernanke

Federal Reserve Chairman Ben Bernanke on Tuesday said the outlook for the long-suffering US economy was improving, but supportive policies would be needed for some time to prevent rising unemployment from undercutting recovery.