| “ The US Federal Reserve will keep interest rates at close to zero until unemployment falls below 6.5 per cent in a historic change to monetary policy.
”It is the first time a large central bank has ever tied its interest rate policy directly to the state of the economy. The Fed said it expects to keep rates low as long as its inflation forecast stays below 2.5 per cent.” Source: FT.com |
21 December 2012
• Fed Links Rates to U.S. Unemployment
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