{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite \u0026quot;some time.\u0026quot;' data-url='/boclips/videos/5c54c502d8eafeecae16cf55' data-video-url='/boclips/videos/5c54c502d8eafeecae16cf55' 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, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite \u0026quot;some time.\u0026quot;\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'\u003eHEADLINE: Fed pledges to use all tools to help economyCAPTION:   The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout,...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHEADLINE: Fed pledges to use all tools to help economy\u003cbr/\u003eCAPTION:   The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite \"some time.\" (Jan. 28)\u003cbr/\u003e [Notes:ANCHOR VOICE]  \u003cbr/\u003e  With the economy still in a tailspin, the Federal Reserve has decided to keep its benchmark interest rate at a historic low.\u003cbr/\u003e   And it says the economy has worsened since it met in December, citing the slowdown that extends around the world.\u003cbr/\u003e   Its benchmark interest rate will stay near zero for quite \"some time\".\u003cbr/\u003e   With one dissenting vote, the Fed opted to keep the targeted range for the federal funds rate at between zero and 0.25 percent. The funds rate is the interest banks charge each other on overnight loans.\u003cbr/\u003e   The Central Bank says that credit conditions, whether affecting households or businesses,  remain extremely tight. It expresses the hope that a gradual recovery in the economy could begin later this year, but says the downside risks to the outlook are signficiant. \u003cbr/\u003e   In its statement, the Fed says it is prepared to buy longer term Treasury securities if needed, but stopped short of saying when or what might prompt such a move.\u003cbr/\u003e   Attempting to tackle the housing crisis head-on, the Fed is also moving to assist people who have fallen behind on their mortgages.\u003cbr/\u003e   Among the options at its disposal, is to lower the amount owed on a troubled mortgage, extending the length of the loan and reducing the interest charged.\u003cbr/\u003e   The Fed's next policy setting session is nearly two months away, set for St. Patrick's Day.\u003cbr/\u003e   Mark Hamrick, the Associated Press, Washington\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 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