AP: The Federal Reserve predicts the unemployment rate will remain high until late 2015.
The latest economic projections released Wednesday from the Fed were little changed from September. The central bank still expects economic growth to be no stronger than 3 percent next year. Growth could improve to 3.5 percent in 2014 and 3.7 percent in 2015.
The Fed said Wednesday that it plans to keep its key short-term interest rate near zero at least until the unemployment rate is below 6.5 percent.