Fed likely to reiterate flexible policy on rates

By Martin Crutsinger

Published April 28, 2014 5:07pm ET

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Fed likely to reiterate flexible policy on rates — FILE - In this March 31, 2014, file photo, Federal Reserve Chair Janet Yellen speaks to community development professionals at the National Interagency Community Reinvestment Conference in Chicago. In her first weeks as Federal Reserve chair, Yellen has made one thing clear: The Fed will keep all options open in deciding when to raise interest rates from record lows. (AP Photo/Paul Beaty, File) | Paul Beaty

WASHINGTON (AP) — In her first weeks as Federal Reserve chair, Janet Yellen has made one thing clear: The Fed will keep all options open in deciding when to raise interest rates from record lows.

Gone are the benchmarks that her predecessor, Ben Bernanke, used to try to guide investors: That by a certain point in the future or when unemployment reached a specific rate, the Fed would consider slowing its stimulus for the economy.

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Federal Reserve Interest Rates