Federal Reserve to Keep Rates at Record Lows

Federal Reserve to Keep Rates at Record Lows Play

Aug. 9 (Bloomberg) -- The Federal Reserve pledged for the first time to keep its benchmark interest rate at a record low at least through mid-2013 in a bid to revive the flagging recovery after a worldwide stock rout. Three members of the Federal Open Market Committee dissented, preferring to maintain the pledge to keep rates low for an “extended period.” Megan Hughes and Michael McKee report on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

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