The Federal Reserve emphasized its commitment to low interest rates yesterday, a move with potentially big implications for investors. “There is still a long way to go,” before hiking rates, Fed Chair Jerome Powell told lawmakers in testimony. He added that “unemployment remained elevated” and inflationary pressures “should partially reverse.” The central bank will keep buying assets “until substantial further progress has been made toward our maximum employment and price-stability goals.” Powell also said current policy “will continue to deliver powerful support to the economy until the recovery is complete.” ... (full story)