Fed to keep rates low, cut bond-buying again
Wednesday, March 19, 2014 2:29 PM
The Federal Reserve today gave itself room to keep interest rates low until at least next year, Bloomberg reported. Previously, the Fed had said it would it would consider raising rates when the unemployment rate declined to 6.5 percent and when inflation was at 2 percent. Today, the Fed said that it would take more information into account. The Fed also reduced the monthly pace of bond purchases by $10 billion to $55 billion.