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Inside the Fed Lockup: Fed sticks to low rates until 2014

Wednesday, April 25, 2012 - 00:55

April 25 - The Fed offered a modestly brighter view of the U.S. economy, as it reiterated that rates likely will not rise until at least late 2014, according to Reuters Correspondent Pedro Da Costa.

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I'm here at the treasury lock up when the Fed has just delivered its April monetary policy decision. The -- repeated its promise to leave interest rates at very low levels until at least late when he fourteen. And it makes it smoked through its description of the economy for instance it seems to seek good picking up a little more -- later in the year perhaps into next year. And it also cited some signs of improvement in the house since. It also noted a pickup in inflation but it attributed that largely to a spike in energy costs that. We'll have only temporary effect on prices so it really not a huge change from march and it really puts the onus on Fed Chairman Ben Bernanke. Was -- to reporters later on today to explain the financial markets were very curious to know. Whether that that is at least inclined to provide additional stimulus the economy if things worsen later and yeah I'm scheduled to -- and this is right.

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Inside the Fed Lockup: Fed sticks to low rates until 2014

Wednesday, April 25, 2012 - 00:55