December 12, 2012


Fed Extends Efforts to Jump Start Economy

The Federal Reserve "refashioned its bond-buying programs, extending its far-reaching effort to revitalize the jobs market and boost the economic recovery into 2013," the Wall Street Journal reports.

"In addition, the Fed shifted its communications strategy by specifying the levels of unemployment and inflation that might prompt it to begin raising short-term interest rates, which are now near zero."

Wonk Wire has more details and reaction.










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