The Fed met today an pleged to hold interest rates to zero through 2022. In its FOMC Statement the Fed pledged to hold interest raters low and increase its asset purchases. The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals. To support the flow of credit to households and businesses, over coming months the Federal Reserve will increase its holdings of Treasury securities and agency residential and commercial mortgage-backed securities at least at the current pace to sustain ... (full story)