Fed holds rates at record lows to foster recovery# Stock
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Jeannine Aversa, AP Economics Writer, On Tuesday March 16, 2010, 2:18 pm
WASHINGTON (AP) -- The Federal Reserve repeats its pledge to hold interest
rates at record lows to foster the economic recovery and ease high
unemployment.
But its decision draws one dissent. Thomas Hoenig, president of the Federal
Reserve Bank of Kansas City, for the second meeting in a row opposes keeping
the yearlong pledge.
The tension illustrates the Fed's challenge in deciding when to signal that
higher rates are comi
WASHINGTON (AP) -- The Federal Reserve repeats its pledge to hold interest
rates at record lows to foster the economic recovery and ease high
unemployment.
But its decision draws one dissent. Thomas Hoenig, president of the Federal
Reserve Bank of Kansas City, for the second meeting in a row opposes keeping
the yearlong pledge.
The tension illustrates the Fed's challenge in deciding when to signal that
higher rates are comi