No Surprises Expected as Fed Ends 2-Day Meeting
The Federal Reserve is widely expected Wednesday to stick with its aggressive efforts to strengthen a still-subpar economy.
The Federal Reserve is widely expected Wednesday to stick with its aggressive efforts to strengthen a still-subpar economy.
Here's a quick primer on the Fed, why you never want a central bank to have to do anything, and the reason why we all hang on Ben Bernanke's every word.
The Federal Reserve offered a more positive view of the economy after a burst of hiring since its last meeting. It held off taking further steps to boost the recovery and reiterated its plan to keep short-term interest rates near zero until at least late 2014. The Fed's statement issued after Tuesday's one-day meeting was more upbeat than the one it released in January.
The Federal Reserve says the economy has grown moderately as hiring and consumer spending have improved. As a result, it's holding off on any new steps to boost the economy. But Fed officials, noting that unemployment remains high and global economic growth has slowed, left open the possibility of taking new steps next year if the economy worsens.
The Federal Reserve is holding off on any new actions to help the economy because stronger growth is giving it time to gauge the impact of steps it's already taken. Fed policymakers made the announcement after a two-day meeting.



