Economy/Business News Alert: Fed stands pat on low interest rates

	Wednesday, August 1, 2012 2:30:27 PM ECONOMY/BUSINESS NEWS ALERT Fed stands pat on low interest rates The Federal Reserve said Wednesday that economic growth slowed this year and that the unemployment rate will decline only gradually, but the U.S. central bank declined to take any new action to address the problems. The Fed decision may disappoint investors who were looking to the central bank to provide a jolt to the lagging U.S. economic recovery and a slowing world economy. Still, the language of the Fed's statement suggests it may do more later this year. The Fed reaffirmed its commitment to hold interest rates ultra-low through 2014. Read more at: http://www.washingtonpost.com/ Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071  ©2011 The Washington Post Privacy Policy