{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='The Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows. (March 19)' data-url='/boclips/videos/5c54c215d8eafeecae15709f' data-video-url='/boclips/videos/5c54c215d8eafeecae15709f' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nThe Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows. (March 19)\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eFOR CLEAN VERSION SEE STORY NUMBER: apus007349The Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows.The Fed...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eFOR CLEAN VERSION SEE STORY NUMBER: apus007349\u003cbr/\u003eThe Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows.\u003cbr/\u003eThe Fed reaffirmed its plan to keep short-term rates low to help support the economy. But it no longer mentions a specific unemployment rate that might lead it eventually to raise short-term rates. \u003cbr/\u003eFederal Reserve Chairman Janet Yellen says any future rate increases will be determined based on several factors.\u003cbr/\u003e\"The FOMC will base its ongoing assessment on a wide range of information including measures of labor market conditions, indicators of inflation pressures and inflation expectations and readings on financial developments.\"\u003cbr/\u003eOne reason for dropping a threshold unemployment rate, as Yellen among others have noted, is that the rate can overstate the job market's health. \u003cbr/\u003eIn recent months, for example, the unemployment rate has fallen not so much because of robust hiring but because many people without a job have stopped looking for one. As a result, they are no longer counted as unemployed.\u003cbr/\u003e\"The central tendency of the unemployment rate projections has shifted down by about two-tenths since December and now stands at between 6.1 and 6.3 percent at the end of this year,\" Yellen said.\u003cbr/\u003eThe central bank also said it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job market.\u003cbr/\u003e\"Starting next month we will be purchasing $55 billion of securities per month, down $10 billion per month from our current rate,\" Yellen said.\u003cbr/\u003eThe Fed also updated its economic forecasts Wednesday. Fed officials expect the U.S. economy to grow at a steady if modest pace in 2014 despite weather-related setbacks this winter.  \u003cbr/\u003e\"Unusually harsh weather in January and February has made assessing the underlying strength of the economy especially challenging,\" Yellen said.\u003cbr/\u003eYellen also signaled that the central bank could begin raising short-term rates six months after it halts its bond purchases around year's end.\u003cbr/\u003e\"The committee states that in determining how long to maintain the current zero to one quarter percent target range for the federal funds rate it will assess progress both realized and expected toward its objectives of maximum employment and 2 percent inflation.\"\u003cbr/\u003eThat was the clearest indication to date of when the Fed might raise its benchmark short-term rate, which has been at a record low near zero since 2008.\u003cbr/\u003eOn Wall Street, stocks fell modestly in the minutes after the Fed's statement was released at 2 p.m. Eastern time. The Dow Jones Industrial average ended the session down 114 points at 16,222.  \u003cbr/\u003eWashington, DC - March 19, 2014\u003cbr/\u003e1. SOUNDBITE (English) Federal Reserve Chairman Janet Yellen \u003cbr/\u003e\"The committee states that in determining how long to maintain the current zero to one quarter percent target range for the federal funds rate it will assess progress both realized and expected toward its objectives of maximum employment and 2 percent inflation.\"\u003cbr/\u003e2. White flash\u003cbr/\u003e3. SOUNDBITE (English) Federal Reserve Chairman Janet Yellen \u003cbr/\u003e\"Starting next month we will be purchasing $55 billion of securities per month, down $10 billion per month from our current rate.\"\u003cbr/\u003e4. White flash\u003cbr/\u003e5. SOUNDBITE (English) Federal Reserve Chairman Janet Yellen \u003cbr/\u003e\"As before, if incoming information broadly supports the committee's expectation of ongoing improvement and labor markets and inflation moving back over time towards its longer run objective, the committee will likely continue to reduce the pace of asset purchases in measured steps at future meetings.\"\u003cbr/\u003e6. White flash\u003cbr/\u003e7. SOUNDBITE (English) Federal Reserve Chairman Janet Yellen \u003cbr/\u003e\"The FOMC will base its ongoing assessment on a wide range of information including measures of labor market conditions, indicators of inflation pressures and inflation expectations and readings on financial developments.\"\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv 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