Economy still not growing fast enough: The Federal Reserve says the economy isn’t growing fast enough for it to pull back its $600 billion bond-buying program. The Fed hopes the program will hold down interest rates, encourage spending and give the economy a lift. In a statement released today after the end of its two-day meeting, the Fed says the economy was continuing to recover but that unemployment was still relentlessly high. It also says even though oil and other commodity prices have been climbing, other prices have barely budged. The Fed left the $600 billion program alone. It expects to wrap up the program by the end of June.
Looks to revive passing game: Steve Kragthorpe, the new LSU offensive coordinator, has the background in working with quarterbacks to help the Tiger football team, analysts told The Daily Reveille. Kragthorpe, spent four years as a quarterbacks coach, including stints at Texas A&M and Boston College, and two seasons with the Buffalo Bills working with signal callers. “From a recruiting standpoint, at least with quarterbacks, you can advertise that you’ve got someone with some NFL experience and college experience that now will be working hands-on with you,” Shea Dixon, managing editor of TigerSportsDigest.com, told the newspaper. LSU’s quarterbacks ranked last in the SEC this past season, but the team is bringing in Zach Mettenberger, who was set to be Georgia’s quarterback before an incident in a college bar, and Stephen Rivers, a top high school prospect. Dixon says Kragthorpe will be able to work intensively with Mettenberger and Rivers and that will hopefully lead to development of their skills. Read the story here.
