[ForexNews]

The FOMC continued to indicate that it expects to keep rates exceptionally low for an extended period, but focused on low levels of resource utilization, contained inflation, and stable inflation expectations as the key factors determining when policy would change. Importantly, the statement suggests the Fed will not be raising rates in the near term even as economic growth picks up, given that levels of resource utilization are likely to remain low for some time even if growth is solid. By omission, fear of "asset price bubbles" and amorphous discomfort with excess liquidity were downplayed and this is probably what prompted USD selling after the decision