Fed to release statement about interest rates

Even with the Federal Reserve widely expected to leave interest rates at a record low today to nurture the fragile recovery, fissures are growing among policymakers about when to start boosting rates to head off inflation.

Fed policy makers are slated to release a statement today about 2:15 p.m.

The target range for bank lending rate now is at zero to 0.25 percent. If the Fed keeps the same rate, commercial banks' prime lending rate -- used to peg rates on home equity loans, certain credit cards and other consumer loans -- will stay at about 3.25 percent.

Many analysts think the Fed could start to raise rates in the spring or summer.