Day: January 25, 2012

Rates to Stay Near Zero Through Late 2014, Fed Says

http://pix04.revsci.net/H07707/b3/0/3/0806180/739762235.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707WASHINGTON – The Federal Reserve said Wednesday that it intends to hold short-term interest rates near zero “at least through late 2014,” extending its most basic and longest-running response to the financial crisis by at least another 18 months. The decision means that the Fed does not expect the economy […]

Russia, US in fresh ‘cold war’

Source: TOI on Line New US envoy to Russia, Mike McFaul, with Hillary Clinton during his swearing-in ceremony.   MOSCOW: The new US ambassador to Moscow came under an extraordinary attack on Tuesday from Russia’s parliament for meeting the leaders of protests against strongman Vladimir Putin on his arrival last […]