Mr Booker has launched a New York-style war on crime, including zero tolerance of infractions and the setting up of a new narcotics division.

ECONOMIST: Violent murders may become an impetus for change

The central bank's rate-setting Federal Open Market Committee also kept its key interest rate at zero to 0.25%.

BBC: US central bank keeps buying bonds to boost economy

So there is no reason to think that setting a low interest rate for remuneration of reserves (or indeed a zero rate) will lead to the Fed losing control of inflation.

FORBES: Is the Fed Going to Go Bust?

In particular, observers look for Fed officials to discuss what to do when the program known as Operation Twist ends, as well as to discuss setting numerical targets to signal how long policy-setters will keep the target federal funds rate at essentially zero.

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