WASHINGTON — The Federal Reserve said Wednesday that it plans to hold short-term interest rates near zero as long as the unemployment rate remains above 6.5 percent, reinforcing its commitment to improve labor market conditions.
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WASHINGTON — The Federal Reserve said Wednesday that it plans to hold short-term interest rates near zero as long as the unemployment rate remains above 6.5 percent, reinforcing its commitment to improve labor market conditions.
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A CRAZY decision by Ben bernanke and the Fed. Rick Santelli of CNBC rated the Fed's action a "D". And he said that he was being generous.
great news for seniors!