Federal Reserve to keep interest rates at near-zero for 'considerable time'

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Federal Reserve to keep interest rates at near-zero for 'considerable time'

byJon Terbush

January 8, 2015

.polaris__post-meta--date { display: none; } .polaris__post-meta--date.no-script { display: block; padding-left: 45px } January 8, 2015

Federal Reserve to keep interest rates at near-zero for 'considerable time'

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The Federal Reserve said Wednesday it would keep interest rates at near-zero, record-low levels for a "considerable time," citing a weak labor market. In addition, the Fed said it would taper its bond-buying program by another $10 billion per month.

"On balance, labor market conditions improved somewhat further," the Federal Open Market Committee said in a statement. "However, the unemployment rate is little changed."