Detailed text transcripts for TV channel - FOXNEWS - 20110427:19:36:00
Record low. while downgrading the outlook for the united states economy. and now the business network reporter live in washington. what did we learn from the news conference, peter? >>reporter: the fed thinks the economy may not grow as fast as it predifficultiesed -- predicted early this year because of weak exports and bad weather. it will grow around 3 percent but that is not enough to really start creating more jobs and getting the high unemployment rate down. so the fed will continue their policy of low interest rates for the for seeable future. the fed chairman said all of this could tak...