Fed To Hold Rates Down Until Jobless Rate Is Below 6.5%

By BINYAMIN APPELBAUM, New York Times
Wed, 12/12/2012 - 10:47am

The central bank said Wednesday that it would maintain short-term interest rates near zero, even after it stops buying bonds, for as long as the unemployment rate stayed above 6.5 percent.

Sections: news politics business

Topics: central bank economy federal reserve interest rate u.s. economy unemployment unemployment rate

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