Fed Signals Plan To Keep Interest Rates Low For A “Considerable Time” [VIDEO]
Just enough concern about the overall economy to keep the Fed from making a move.
FOX News Radio’s Steve Taylor reports from Washington:
The nation’s central bank has said for months that it will hold interest rates near zero “for a considerable time” after it ends a bond buying program designed to stimulate the economy. Some analysts thought today might be the day when the Fed decides to let rates rise sooner than after a “considerable time.” But a Fed statement today uses those same words, meaning no change in policy. Fed officials say they want to see more wage growth and less long-term unemployment… before letting interest rates rise.
In Washington, Steve Taylor, FOX News Radio.
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