Fed Assures It Isn’t Close to Raising Interest Rates

The Federal Reserve’s policy-making committee rejected calls to accelerate the withdrawal of stimulus and made it clear that it has no intentions of moving swiftly to raise interest rates. “There are still too many people who want jobs but cannot find them, too many who are working part time but would prefer full-time work, and too many who are not searching for a job but would be if the labor market were stronger,” said Janet Yellen, head of the central bank.