The Federal Reserve says it doesn’t expect to raise interest rates in the U.S. until late 2014. The surprise move sent the dollar sharply lower in markets, and caused U.S. government borrowing costs to fall. In its regular policy statement, the central bank says that it sees “significant downside risks” to the economy, and said inflation had fallen back to a level in line with its mandate.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!