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Fed makes new rate pledge

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Fed makes new rate pledge

E
euronews (in English)

45 Views • Dec 12, 2012

Description

The Federal Reserve is significantly boosting its stimulus programme for the US economy and has taken the unprecedented step of saying it will keep interest rates near zero until the jobless rate falls to 6.5 percent, and as long as inflation is contained.

That is well below its current level of 7.7 percent of the workforce.

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http://www.euronews.net/