Federal Reserve To Keep Rates Low Until Unemployment Drops Below 6.5%

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opednews.com Headlined to H4 12/12/12

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Board of Governors of the Federal Reserve System
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To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. The Committee views these thresholds as consistent with its earlier date-based guidance...

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At www.federalreserve.gov

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As Bernanke and Geithner continue to print count... by KurtB on Wednesday, Dec 12, 2012 at 8:38:22 PM
As Woody Guthrie sang "The gambling man is rich an... by Poor old Dirt farmer on Thursday, Dec 13, 2012 at 12:52:23 AM