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Mar 13, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: Fed notes job gains but will keep interest rates near zero

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
Fed notes job gains but will keep interest rates near zero
Mar 13th 2012, 18:45

The Federal Reserve stood pat on Tuesday, saying in a relatively upbeat statement that the job market has been more vibrant recently but that the economy is still likely to improve only gradually.

The Fed did not take any new policy action, reaffirming its plan to keep interest rates extraordinary low through at least late 2014.

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