January 25th, 2012
12:44 PM ET

Fed to keep rates low until 2014

The economy is improving, the Federal Reserve said Wednesday, but not enough to warrant higher interest rates for at least two-and-a-half more years.

The central bank indicated that it expects to keep the federal funds rate near historic lows until late 2014 - an extension from the Fed's original pledge to keep rates low through mid 2013.

The "economy has been expanding moderately, notwithstanding some slowing in global growth," the Fed said in a statement Wednesday.

More details will be released at 2 p.m. ET, when the Fed will release forecasts for the federal funds rate for the first time ever.

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Filed under: Economy
soundoff (24 Responses)
  1. gung hoe

    Well hopefully americans will be workhng enough by then to where they wont be scared to take out loans!

    January 26, 2012 at 1:45 am | Report abuse |
  2. Jerry L

    Fed to insure that 401K plans remain stagnant for another 3 years. That's something to look forward to. Just put you money into equities and wait for it to disappear.

    January 26, 2012 at 3:13 am | Report abuse |
  3. Deaconessa

    Hagetha needs to f off.

    January 26, 2012 at 8:07 am | Report abuse |
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