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 [...]

[view whole blog post ]
 See More    |     Report Abuse

blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!

Today's Featured News
Mozambique Ruling Party Faces Tough Contest

Renamo supporters: Ruling Frelimo faces a stern challenge at Wednesday's polls from...

Surge in Central African Republic Violence

African Union troops in Bangui (file photo): The UN has expressed alarm...

Nigeria, Cameroon, Ghana Get Crucial Wins

Asamoah Gyan of Ghana (file photo): The Super Eagles have boosted their...