Economy in U.S. Grew at 5.7% Pace, Most in Six Years (Update2)

http://www.bloomberg.com/apps/news?pid=20601087&sid=astN5U.atj2M&pos=1

Fed Action

Fed policy makers, after their meeting this week, said the recovery is gaining strength and business investment “appears to be picking up.” They also repeated a pledge to keep the benchmark interest rate low for an “extended period.” The central bankers held the overnight lending rate between banks in the range near zero, where it has been for more than a year.