Nov 4th, 2009 - MSNBC
WASHINGTON - With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
The Fed said economic activity has "continued to pick up" and that the housing market also has grown stronger, a key ingredient to a sustained recovery.
But Fed Chairman Ben Bernanke and his colleagues warned that rising joblessness and hard-to-get-credit for many people and companies could restrain the rebound in the months ahead.
Related stories:
Fed says rates stay low for extended period
Nov 5th, 2009 - bizjournals
The Federal Reserve Board’s Open Market Committee wrapped up a two day interest rate meeting Wednesday afternoon vowing to keep rates “exceptionally low” for “an extended period.
Fed pledges to hold rates at record lows
Nov 4th, 2009 - Boston
WASHINGTON - The Federal Reserve pledged yesterday to keep a key interest rate at a record low for an "extended period,'' in a sign that the economy is growing but remains deeply dependent on government help.
Fed Will Hold Rates at Record Lows
Nov 4th, 2009 - CBS News
Updated at 3:26 p.m. EASTERN With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
Fed Again Pledges to Hold Rates at Record-Lows
Nov 4th, 2009 - ABC News
The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an "extended period," signaling that the weak economy remains dependent on government help to grow.
Oil holds above $80 after Fed statement
Nov 4th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- Oil prices stayed above $80 a barrel Wednesday as a government report showed a surprise drop in crude inventory. Crude held onto those gains after the Federal Reserve said it would hold a key interest rate near zero.
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