Fed Renews Zero Interest Rate Pledge

"Keep on truckin" - Janet Yellen, probably

The U.S. Federal Reserve on Wednesday renewed a pledge to keep interest rates near zero for a "considerable time" and repeated concerns over slack in the labor market, standing firm against calls to overhaul its policy statement.

Many economists and traders had expected the central bank to alter the rate guidance it has provided since March, given generally improving data on the economy's performance.