All eyes are on Federal Reserve Chairman Ben Bernanke today as he testifies today on Capitol Hill and announces his plans for interest rates and quantitative easing.
There's been more and more talk of the world economy slowing down. Still, the European Central Bank isn't changing its interest rate, and the Federal Reserve hasn't budged yet.
The Federal Reserve won't be taking any major new steps to help the economy at this time, and the reason is that the Fed expects the U.S. economy to grow at about 3 percent this year.
The Federal Reserve has upgraded its forecast for the U.S. economy in 2012 but also downgraded its outlooks for 2013 and 2014. There are worries the U.S. could fall back into recession just like the U.K. did.
March's disappointing jobs report could push the Federal Reserve to do more to spur job growth. Chairman Ben Bernanke is expected to speak on the subject today in Atlanta.