Fed stands by Herculean efforts to stimulate economy
Wednesday, May 1, 2013 - 14:30
in Mathematics & Economics
Amid signs of a "spring slump" in the economy, the nation's central bank decided to keep the pedal to the stimulus metal, leaving interest rates at historic lows to help spur demand from businesses, banks and shoppers.At the end of a regular, two-day meeting, the Federal Reserve Open Market Committee, which sets interest rate policy, said the economy has been expanding at a moderate pace. It also ...