Fed Offers Little Indication of More Easing

Washington, DC, March 14, 2012 -- The Federal Reserve on Tuesday gave little indication that it might change course regarding additional monetary easing.

The Fed said it expects moderate growth ahead in light of an improving employment picture and that rising oil prices could cause higher short term inflation.

"Labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated," the central bank said in a statement.