Fed Notes Better Economy, Takes no Policy Action
WASHINGTON (AP) - 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.
The Fed noted in a statement after its one-day meeting Wednesday that the unemployment rate has declined notably and should continue to fall. It also said strains in the global financial markets have eased, though it warned they continue to pose a threat.
Further hiring gains could put pressure on policymakers to rethink a plan to keep short-term interest rates near zero until at least late 2014.
Still, the Fed stuck with that timeframe in the statement. It said that while prices of crude oil and gasoline will push up inflation temporarily, longer-term inflation should remain stable.
- The Federal Reserve's Plan To Get Back Our Economy
- Feds Take Over Case of SUV on Philadelphia Runway
- Protestors Take Action After Man is Killed by Stun Gun
- 100 Nationwide Employees "take action" in Gainesville
- Shelter Takes Drastic Action To Prevent More Disease
- Levy County Animal Services Takes 15 Dogs In For Animal Cruelty-- But Are Conditions Any Better There?
- Gunman in Lake Butler Shooting Spree Left Behind a Note
- Alaska Airlines Plane Wing Note 'Not Appropriate'
- Health Policy Cancellations: New Blow for Administration
- GOP Vows to Reverse Obama Birth Control Policy