Federal Reserve Chair Decries 'Enormous Waste Of Human And Economic Potential' To Explain New Fed Actions

From ThinkProgress Wed Dec 12 2012, 17:05:02

The Federal Reserve today announced a new approach to monetary policy, announcing that it would keep interest rates low until unemployment hits 6.5 percent (or inflation exceeds 2.5 percent). This is the first time the Fed has explicitly laid out an unemployment target. During a press conference today, Federal Reserve Chairman Ben Bernanke explained that [...]

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