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Neon Tommy - Annenberg digital news

Fed Continues "Quantitative Easing"

Michael Juliani |
December 12, 2012 | 2:40 p.m. PST

Executive Producer

An old shot of the Fed building in Manhattan.  (Flickr Creative Commons)
An old shot of the Fed building in Manhattan. (Flickr Creative Commons)

The Federal Reserve pledged Wednesday to keep interest rates low until unemployment numbers drop below 6.5 percent and inflation rises above 2.5 percent, according to CNBC.

Economists expected this move, as the Fed has made a business of "quantitative easing" during the high jobless rates of the last four years. 

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