The Federal Reserve said today that the pace of the economic attraction is slowing. The Federal Reserve says that interest rates will remain exceptionally low to ensure recovery. The Fed said this despite the fact that the GDP fell 6.1% in the first quarter. The outbreak of swine flu is a new wild card that makes the economic future somewhat unpredictable. There's also no sign that jobs or housing prices are starting to recover. These facts make the Fed's optimism seem premature.
