No new action is expected as Fed weighs job gains
WASHINGTON (AP) -- The core issue faced by the Federal Reserve when
policymakers meet Tuesday is whether a recent burst of economic strength
will last long enough for them to soon scale back their support for the economy.
Since the Fed's policymakers last met in January, the job market has shown
more muscle. Employers have hired more than a half million people. The
unemployment rate is down.
No major announcements are expected after the Fed's one-day meeting.
Private economists think the officials will note the job gains. But they expect
them to repeat their plan to keep short-term interest rates at a record low
until at least late 2014.