Wall Street Journal (01/28/15) Jon Hilsenrath
The U.S. Federal Reserve expects to keep short-term interest rates near zero until at least midyear due to solidly expanding economic activity and strong job gains. Fed officials expect wage and inflation pressures to slowly build as jobless rates fall; officials are in a “wait-and-see mode.” Wariness about low inflation, slow global growth, and international turbulence remain concerns. The bank plans to be patient in beginning to normalize the stance of monetary policy.
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