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APR 30, 2014 - San Francisco Chronicle

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Fed cuts monthly bond purchases and sounds upbeat

Wednesday's statement also repeated the theme the Fed sounded in March that even after the job market strengthens and it starts raising rates, it will likely keep rates unusually low to support a still-subpar economy. Wednesday's statement was issued the same day that the government said the economy's growth slowed to a barely discernible 0.1 percent annual rate in the first three months of 2014, the weakest performance in more than a year. The idea was to signal roughly how long the Fed was committed to keeping borrowing rates at record lows to spur spending and economic growth. Yellen ... Read More

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