Fed repeats plan to keep interest rates near zero

3/14/2012

WASHINGTON -- The Federal Reserve sketched a mildly brighter view of the economy Tuesday after a burst of hiring since its last meeting in January. It took no further steps to aid the recovery and repeated its plan to keep short-term interest rates near zero through 2014.

After a one-day policy meeting, the Fed said unemployment should continue to decline gradually as the economy expands.