Fed Tying Low Interest Rates To Job Creation

NPR | Dec. 12, 2012 3:29 p.m.

Contributed By:

John Ydstie

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Federal Reserve policymakers issued a statement Wednesday saying they will keep interest rates low until the unemployment rate falls to 6.5 percent. Identifying a specific target for unemployment is a big change for the Fed and is part of its effort to become more transparent.