Fed sees no rate hikes through 2022

By Christopher Rugaber, The Associated Press
The Federal Reserve said Wednesday that it will keep buying bonds to maintain low borrowing rates and support a U.S. economy mired in a deep recession with high unemployment. And it said nearly all its policymakers foresee no rate hike through 2022.
The Fed has cut its benchmark short-term rate to near zero. Keeping its rate ultra-low for more than two more years could make it easier for consumers and businesses to borrow and spend enough to sustain a