Ben Bernanke, in his last public remarks as Fed chairman, defended quantitative easing and brushed aside concerns about inflation and capital losses.
FOMC minutes shed more light on discussions of decision to begin taper.
The war in Syria is less upsetting to markets than uncertain foreign policy in the U.S.
The Federal Reserve Open Market Committee today elected to leave rates unchanged and hold off on new quantitative easing, or QE, measures for now. The key federal funds rate, which determines the rate at which banks lend their balances at the Fed to one another, will remain near zero through late 2014. The federal funds