Fed again pledges to keep rates low for an 'extended period'

WASHINGTON — The Federal Reserve repeated its pledge Wednesday to hold interest rates at a record low near zero for an "extended period." To bolster the economy, the Fed has kept rates at ultra-low levels since December 2008.

Ending a two-day meeting, Fed policymakers highlighted improvements. Factories are producing more. Consumers are spending more. And businesses are hiring a bit more.
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