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.
"You could call it a 'grave' mistake," says WNBC-TV of New York City.
The tombstone of Edward I. Koch, the city's colorful, three-term mayor who died in February, listed an incorrect birth date for him. Instead of showing Dec. 12, 1924, the year mistakenly read 1942 — until yesterday.
The Federal Bureau of Investigation is using drones on United States soil for surveillance purposes, the agency's director, Robert Mueller, told a Senate committee today.
"Our footprint is very small, and we have very few and of limited use, and we're exploring not only the use but also the necessary guidelines for that use," said Mueller , answering a question from Sen. Chuck Grassley, R-Iowa.
Mueller, who was testifying in front of the Senate Judiciary Committee, said they were used in a "very, very minimal way and very seldom."