Free Republic

Fed decides to keep near-zero interest rate for 'considerable time' after ending QE 2014/10/30 04:26 WASHINGTON, Oct. 29 (Yonhap) -- The U.S. Federal Reserve announced Wednesday it will keep its near-zero interest rate policy "for a considerable time" even as it puts an end to its bond-purchasing program aimed at stimulating the economy through low rates. The announcement corroborates views that the Fed is unlikely to raise the key rate before the middle of next year. A possible U.S. rate hike after the end of the bond-buying program, known as "quantitative easing," has been feared to lead to a capital...