Nov 4th, 2009 - Boston
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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.
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. "Economic activity is likely to remain weak for a time,'' they said.
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ECB takes first step towards exit, more due in Dec
Nov 5th, 2009 - Reuters
FRANKFURT (Reuters) - The European Central Bank took its first step toward unwinding its extraordinary support measures for the euro zone economy on Thursday by signaling one-year loans to banks will not be repeated next year.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.
Fed keeps key interest rate at record low
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.Fed likely to keep key interest rate at record low
Nov 4th, 2009 - AOL News
WASHINGTON -Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction.
Related videos from YouTube:
0:32John Howard promised to keep interest rates at "record lows"
There have been 5 interest rate rises since he made that promise at the 2004 election, and nine interest rate rises in a row. Mr Howard keeps saying working families have never been better off - is that how you feel?
0:36John Howard promised to keep interest rates at "record lows"
There have been 5 interest rate rises since he made that promise at the 2004 election, and nine interest rate rises in a row. Mr Howard keeps saying working families have never been better off - is that how you feel?
1:05Keeping interest rates low a "two night promise": Howard
Prime Minister John Howard admits to Neil Mitchell on 3AW this morning (26/10/07) that he broke his 2004 election promise to "keep interest rates at record lows". He says the advertising promising to "keep interest rates at record lows" only ran for two nights.
0:31Who will Howard blame for the next interest rate rise?
At the last election John Howard said he would keep interest rates at record lows. There have been ten consecutive interest rate rises since he became PM and six since he made that promise. He is still trying to hide the fact that the highest interest rate for last 30 years was 22% ...
