Fed: Economy Growing Moderately; No Policy Changes

By: AP
By: AP

WASHINGTON (AP) -- The Federal Reserve says the economy is growing moderately while cautioning that risks from Europe remain. It's holding off on taking any further steps to boost the recovery.

The Fed notes in a statement after a two-day meeting that the job market has improved slightly but that unemployment remains elevated. It says the housing market has improved somewhat but remains depressed. And it points to a pickup in inflation but says it should be only temporary.

The Fed stuck with its plan to keep a key short-term interest rate near zero through at least late 2014. It announced no new plans for further bond buying after a current program ends in June.

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  • by Nath Location: Colo Spgs on Apr 25, 2012 at 11:42 AM
    Ben is lying again. AT BEST, the economy is stuck in neutral and rolling backwards.
  • by Truth on Apr 25, 2012 at 10:03 AM
    NWO = 666 the mark of the beast; by the way, those who take it's mark will spend eternity in the "Lake of Fire"; made especially for the devil and it's cohorts. Al Gore is an anti-christ and the leader of the Internet WWW=666, Al Gore has set the path of the US towards that "lake of fire". The only sign given will be the sign given to Jonah at Nevivah, REPENT. Such pompisity, like in the days of Pompei and they were destroyed by a volcano. "The love of money is the root of all kinds of evil".
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