|
|
Article: Fed likely to keep key interest rate at record low
- Article from:
- AP Online
- Article date:
- November 4, 2009
- Author:
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
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.
The economy started to grow again last quarter for the first time in more than a year, although there are uncertainties about the strength and staying power of the recovery, especially after government supports are removed.
Fed Chairman Ben Bernanke and his colleagues resumed meeting Wednesday morning and are likely to note the country's economic and financial improvements when they wrap up their two-day session in the afternoon. But they'll also warn that rising ...