Fed holds steady on stimulus, rates

Federal Reserve officials voted Wednesday to continue pumping money into the economy and keep interest rates near zero as they wrapped up their regular policy-making meeting amid fresh signs that their massive stimulus effort is gaining traction. All but one of the 12 members of the Fed's policy-making committee voted in favor of the plan. In a statement, the Fed said it has seen "a return to moderate economic growth" in recent months. Holding steady now suggests that the central bank views recent data showing a pickup in job growth and strength in the housing market as a validation of its course of action.

Source: http://ml-implode.com/staticnews/2013-03-20_Fedholdssteadyonstimulusrates.html

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