Fed Holds Rates At Record Low To Aid Recovery
The Federal Reserve kept interest rates at a record low and pledged to hold them for an extended period to support the economic recovery and reduce unemployment. It plans to end its $1.25 trillion mortgage program by March 31, but remains open to adjusting that timetable. One board member dissented, arguing the economy has improved enough to drop the pledge.
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Washington, D.C
Federal Reserve
Fed
Thomas Hoenig
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Lawmaker presses Toyota recall over gas pedal issue
Michigan Rep. Bart Stupak, head of a subcommittee, says his staff will meet Toyota officials after the maker halted U S sales of eight models including the Camry and paused production at six North American plants. He seeks details on what Toyota knows and consumer protections amid recalls totaling about 6.5 million vehicles. The Obama administration urged safeguards and halted new car production as officials cited sudden acceleration linked to gas pedals.
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Toyota
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Bart Stupak
U.S
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House Energy and Commerce Committee
Obama
Ray LaHood
WGN Radio
Chicago
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