Despite noting that it expects the U.S. unemployment rate to fall "only slowly" over the coming months, the Federal Reserve declined to take new steps to support the struggling economy. Instead, the Fed will defer action at least until its next meeting in September. "The committee will closely monitor incoming information on economic and financial developments, and will provide additional accommodation as needed to promote stronger economic recovery and sustained improvement in labor market conditions," members of the group said in a statement.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. Marines are developing laser weapons. Here's why.
- Why the Supreme Court is allowing Texas to hold an unconstitutional election
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- How 1,000-year lifespans could remake the economy
- Ban PowerPoint!
- 6 things the happiest families all have in common
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- Rise of the machines
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