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March 20th, 2013 
Peter Nolan
THE Federal Reserve has kept its monetary easing policies in place as it trimmed its 2013 and 2014 economic growth forecasts for the US economy.
The Federal Open Market Committee, the Fed’s policy board, said it saw economic growth rebounding to a “moderate” pace in recent months following the stall in the fourth quarter of 2012, when growth was only 0.1 per cent.
Nevertheless, the FOMC revised its growth forecast down slightly, to 2.3-2.8 per cent this year and 2.9-3.4 per cent in 2014.
At the same time it saw the unemployment rate falling slightly faster than it did in its December outlook, to 7.3-7.5 per cent at the end of this year and 6.7-7.0 per cent in 2014.
The current rate is 7.7 per cent.
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