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Fed Debated Trigger to Prompt Rate Rises
“The US Federal Reserve considered a new form of guidance about future interest rates at its September meeting but decided that more work was needed first.
The new guidance would replace its forecast of low interest rates until mid-2015 with an economic trigger – such as a lower level of unemployment – that would prompt a rise in rates.
That suggests the Fed wants to find further ways to boost the recovery and points to its next direction after September’s launch of the $40bn a month, QE3 programme to buy mortgage-backed securities.” (Financial Times)
How did we ever get by before the Federal Reserve set rates for us?
FEE Timely Classic
Banking Before the Federal Reserve: The U.S. and Canada Compared by Donald Wells
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2012-10-05 08:32:22
Source: http://www.thefreemanonline.org/in-brief/fed-debated-trigger-to-prompt-rate-rises/
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