News Source: Sydney Morning Herald
| 26 days ago
Fed chairman Ben Bernanke, said after a two-day meeting that "although economic activity is likely to remain weak for a time," its policy actions would support economic recovery. The committee held the federal funds rate at zero to 0.25 percent and...
News Source: The New York Times
| 26 days ago
The Federal Reserve signaled on Wednesday that it isn’t close to raising interest rates, saying the economy remains weak even though the recession appears to be over. The central bank said it would keep its benchmark interest rate at virtually zero,...