Federal Reserve Decision on Interest Rates and the Economy

Federal Reserve Decision on Interest Rates and the Economy
"Fed to Keep a Lid on Rates Through 2014" -- The Federal Reserve lent weight to economists' warnings of a long and slow recovery on Wednesday when it announced plans to keep short-term interest rates near zero for at least the next three years. The idea is that low rates will encourage borrowing and investment in American businesses, helping resurrect the economy.
http://www.truthdig.com/eartotheground/item/fed_to_keep_rates_near_zero_through_2014_20120125/