The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth.
In an interview to CNBC-TV18, Cary Leahey, Chief US Economist at Decision Economics spoke about what the sequester means for the US economy and by extension global markets.
Federal Reserve Chairman Ben Bernanke on Wednesday repeated testimony to Congress, defending the central bank's monetary easing and warning Congress against letting looming spending cuts take place.
President Barack Obama on Tuesday urged Congress to pass a small package of spending cuts and tax reforms to delay larger, automatic cuts from going into effect and damaging the economy on March 1.