Day: January 25, 2012

Rates to Stay Near Zero Through Late 2014, Fed Says – 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 […]