Fed Interest Rates Held Flat, To Remain Ultra Low For An "Extended Period"

WASHINGTON — The Federal Reserve pledged Wednesday to hold interest rates at a record low to drive down double-digit unemployment and sustain the economic recovery.

The Fed noted that the economy is growing, however slowly. And turning more upbeat, it pointed to a slowing pace of layoffs.

Read more: Federal Reserve, Fed Funds Rate, Fed Interest Rate, Ben Bernanke, Recession, Economic Recovery, Business News

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