Fed to Continue Purchasing Bonds; Keeps Rates in Place

In a news release, the Federal Reserve said it will maintain the current federal fund rate and continue bond purchases.

NYT: Business Investment Rebounds Even as Recovery Drags

The New York Times reported that the economic recovery from the recession that officially ended in 2009 has been extremely disappointing for American consumers. But for business, it has been the best recovery in decades.

Bernanke Reiterates Low Rate Guidance, Continued Stimulus

In his remarks to the Committee on Financial Services, Fed chairman Ben Bernanke reiterated the Committee’s guidance for sustaining low interest rates as well as continuing with $85 billion per month in bond purchases.