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Federal Reserve Officials Weighing How to Retool Rate Guidance
The Wall Street Journal (online registration required): Federal Reserve officials are discussing ways to revise their guidance about the likely future path of interest rates, but it takes some detective work to pin down how they might do it.
The Fed has said in its recent policy statements it won't start raising short-term interest rates from near zero until well past the time the unemployment rate falls below 6.5%. That position hasn't changed. But with joblessness at 6.7% in February,...
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