Federal Reserve Chairman Ben Bernanke said Wednesday that a fall in the unemployment rate would not automatically trigger a rise in interest rates. He spoke to the media after the central bank issued a policy update.
The Federal Reserve will continue its program of purchasing $85 billion in securities and will leave the target interest rate for federal funds untouched to support the U.S. economy, the U.S. central bank said in a policy update issued Wednesday afternoon.
Here's a summary of the state of the U.S. economy from the Fed, which concluded two days of meetings today:
The United Nations Refugee Commission says more than 45.2 million people were in "situations of displacement" around the world as of last year — the most since 1994.
A report from the Office of the United Nations High Commissioner for Refugees says there were 15.4 million refugees in other countries, 937,000 people seeking political asylum and 28.8 million people forced out of their homes but still inside their own countries.
It's Wednesday, and time to read from your comments. James in Laurel Hill, Fla., emailed during our conversation about research into rare diseases. "I would like to affirm the comment made by your guest about rare disease research leading to help for more common diseases," he wrote. "My nephew has brittle bone disease. Some aspects of his treatment have been used to help mend broken bones in accident victims, so research into rare disorders can definitely lead to treatment for others."
If there's one thing kids are scared of, it's the dark. In his latest children's book, The Dark, Daniel Handler — who writes under the pen name Lemony Snicket — takes on darkness itself, with the story of a young boy who confronts his biggest fear. Handler is known for his dry wit and matter-of-fact take on the mysterious and macabre.