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

Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): ; , Add Tags

View Ratings | Rate It

opednews.com Headlined to H4 12/12/12

Become a Fan
  (9 fans)
Image uploaded from a quicklink
Board of Governors of the Federal Reserve System
(image by By U.S. Government [Public domain], via Wikimedia Commons)
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...

Read the rest of the story HERE:

At www.federalreserve.gov

- Advertisement -
- Advertisement -



The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 2 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

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