FOMC drops pledge to hold interest rates near zero for 'a considerable time,' but announced it will be 'patient' in planning to increase rates.

Investigation will evaluate whether Fed examiners are too deferential to the banks they oversee.

Investigation will evaluate whether Fed examiners are too deferential to the banks they oversee.

Citing labor market improvements, FOMC completes wind-down of stimulus and contemplates when to raise interest rates.

Citing labor market improvements, FOMC completes wind-down of stimulus and contemplates when to raise interest rates.

Fed's $4 trillion bond holdings will help keep borrowing costs down and continue to boost U.S. economic growth well past the end of the quantitative easing program.

Fed's $4 trillion bond holdings will help keep borrowing costs down and continue to boost U.S. economic growth well past the end of the quantitative easing program.

Although Fed chairman is emphasizing that rates may increase sooner than expected, markets are turning a deaf ear.