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
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- How our botched understanding of 'science' ruins everything
- How Scotland's independence movement lost the vote and still won everything
- Mike Huckabee's head-scratching advice to Christian voters
- 43 TV shows to watch in 2014
- 6 things the happiest families all have in common
- Adrian Peterson and our misguided debate about spanking
- The American middle class is no longer safe from poverty — and that might be a good thing
- The Tea Party has its own immigration problem: Cuba
- 10 things you need to know today: September 19, 2014
Subscribe to the Week