interest rates

Employment climbed more than forecast in January and the U.S. jobless rate unexpectedly fell to the lowest in three years, casting doubt on whether the Federal Reserve can wait until 2014 before raising interest rates.

Don't count on it. But it's anyone's guess how far the Fed will go in its mission to be more publicly open - beyond having the chairman hold now-quarterly news conferences and its latest gesture: forecasting where its members think interest rates are headed.

The Federal Reserve said it was not likely to raise interest rates until the end of 2014, adding 18 months to the expected duration of its response to the slump.

The U.S. Federal Reserve on Wednesday said it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish recovery.

Interest rates on short-term Treasury bills fell in Monday's auction.

In a major shift, the Federal Reserve will start announcing four times a year how long it plans to keep short-term interest rates at current levels, according to minutes from its December policy meeting.

In a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting.

Interest rates on short-term Treasury bills rose in Monday's auction for a second straight week after hitting record lows.

Nov. 3 -- Fred Bergsten, director of the Peterson Institute for International Economics, talks about the European Central Bank's unexpected decision to cut interest rates.

Interest rates on short-term Treasury bills fell in Monday's auction with rates on three-month bills dropping to the lowest level since the financial crisis in December 2008.