The Federal Reserve launched a new bond-buying "QE" program Wednesday to replace the expiring Operation Twist and set unemployment and inflation triggers for raising its ultra-low interest rates.
Federal Reserve Board Chairman Ben Bernanke speaks in Washington November 27, 2012. The Federal Reserve launched a new bond-buying "QE" program to replace the expiring Operation Twist and set unemployment and inflation triggers for raising its ultra-low interest rates.
The Fed said the US economy continues to grow at a "moderate" pace, but added the new explicit thresholds to its guidance to better signal its policy intentions.
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Writer: AFP News agencyPosition: Agence France-Presse
Article source: http://www.thethailandlinks.com/2012/12/13/fed-sets-new-inflation-jobless-targets-for-raising-rates/
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