News Headline Summary
Fed keeps rates unchanged at 0-0.25% as expected; rates to stay exceptionally low with jobless above 6.5% with inflation seen at 2.5% or less
- Fed links interest rate outlook to inflation and unemployment.
- Expects highly accommodative policy will remain appropriate for a considerable amount of time after asset purchase program ends and economy strengthens.
12 Dec 2012 - 12:30
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