Money | Federal Reserve Fed Leaves Rate Unchanged, Will Try Other Tactics Economy has weakened further, committee concludes at meeting By Newser Editors and Wire Services Posted Jan 28, 2009 1:35 PM CST Copied President Barack Obama, greets Federal Reserve Chairman Ben Bernanke, left, following the swearing-in of Treasury Secretary Timothy Geithner on Monday. (AP Photo) The Federal Reserve said the US economy has weakened further and signaled it will keep a key interest rate near zero for quite "some time" to cushion the fallout. The Fed agreed—with one dissenting vote—to keep the targeted range for the federal funds rate at a record low of between 0% and 0.25%. Having taken the unprecedented step of slashing its key rate to near zero at its previous meeting in December, the central bank pledged anew to look to other unconventional ways to revive the economy. Read These Next He survived 43 days in a 'most dangerous' Australian desert. An NFL kicker just raised the bar for his fellow kickers. It's the most modern of insults: Clanker. How a Florida university's millions went to a cam girl. Report an error