Interest Rates to Stay Low: ; Federal Reserve Will Look for New Ways to Boost Sagging Economy

Summary

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WASHINGTON - With the U.S. stuck in a painful recession, the Federal Reserve is widely expected to keep its key interest rate at an all-time low this week and examine other unconventional ways to lift the economy.

Unlike other downturns, Fed Chairman Ben Bernanke and his colleagues are battling a three-headed economic monster: crises in the housing, credit and financial markets that - taken together - haven't been seen since the 1930s.

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Interest Rates to Stay Low: ; Federal Reserve Will Look for New Ways to Boost Sagging Economy

While Bernanke has pledged to do all he can to provide relief, President Barack Obama and Congress are racing ahead to enact an $825 billion package of increased government spending and tax cuts to revive the economy.

Against that backdrop, the Fed is all but certain to h...

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