The US central bank has pledged to continue its support for the US economy for several years, as households and businesses slowly recover from the impact of the coronavirus pandemic.
Most Federal Reserve leaders said they expected to keep interest rates near zero for at least the next three years.
Fed Chair Jerome Powell said officials did not expect to change course until the recovery was "very far" along.
He also warned the rebound could be at risk without more government spending.
Following the bank's September meeting, Mr Powell said government aid for businesses and workers hurt by coronavirus had been "critical" to a better-than-expected recovery so far.
