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Apr 28, 2010 12:22 PM by Associated Press

Analyst: Fed to show confidence in recovery

One analyst predicts Federal Reserve policymakers will come out of today's meeting confident, yet
cautious.

The chief economist at John Hancock says the Fed will let the public know it has more confidence in the country's economic recovery. But Bill Cheney says Fed Chairman Ben Bernanke and his colleagues will remain cautious because "nothing about the economy is cast in stone."

Several economic indicators show the economy is in better shape now than when the Fed met in March.

The group is expected to continue to hold interest rates low to help the economy grow. It's also expected to discuss when to start increasing rates once the recovery is firmly rooted.

Cheney says he doesn't think the Fed wants to give the impression that it's ready to boost rates.

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