MarketWatch | Market Pulse: U.S. stocks post strong gains after Fed

By Kate Gibson , MarketWatch NEW YORK (MarketWatch) — U.S. stock gains intensified Wednesday after the Federal Reserve reiterated its vow to stimulate economic growth with low interest rates, and said a pickup in inflation would likely be short-lived. “The Fed wants to present itself as having a plan, being consistent and not adding to the uncertainty in the market. You may not like the track it’s on, but you can be confident of where it’s going, and that consistency translates into a positive for the market,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. Impact of FOMC statement Kelly Evans leads a discussion about the impact of the latest statement by the Federal Reserve and the decision to leave interest rates unchanged. In addressing reporters, Federal Reserve Chairman Ben Bernanke downplayed the possibility of a third round of quantitative easing, saying the trade-offs had become less attractive.