Business | Economy

Fed To Keep Short-Term Interest Rates Low

NPR | Dec. 13, 2012 6:03 a.m. | Updated: Dec. 13, 2012 8:36 a.m.

Contributed By:

John Ydstie

Federal Reserve policymakers met in Washington and decided to leave interest rates where they are. Other changes were announced, though. For the first time, the Fed identified an exact unemployment rate (6.5 percent) at which it would begin to raise interest rates.

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