Guidance incorporates principles issued by the Basel Committee
Economists expect interest rates hikes later this year or early next year
Moderate economic growth will lead to only a slow decline in U.S. unemployment rate
Move will encourage U.S. banks to rely on private funding markets for short-term credit
Cautious consumers will make for modest recovery
No indication of a near-term shift in the Fed’s monetary policy stance
Chairman sworn in for second term
Fed defends decision
Firms are expected to have sound risk-management practices
Pledges to keep them there for ‘extended period’