Fed likely to back low-rate policies despite gains
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The US economy is strengthening on the fuel of more job growth, rising home prices and solid retail sales. Just don't expect the Federal Reserve to let up in its drive to keep stimulating the economy with record-low interest rates. -- FILE PHOTO: REUTERS
WASHINGTON (AP) - The US economy is strengthening on the fuel of more job growth, rising home prices and solid retail sales. Just don't expect the Federal Reserve to let up in its drive to keep stimulating the economy with record-low interest rates.
Not yet, anyway.
That's the view of economists as Fed policymakers hold a two-day meeting that starts on Tuesday.
On Wednesday, the Fed will issue a policy statement and update its economic forecasts, and Chairman Ben Bernanke will hold a news conference.
