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Federal Reserve: Dim View as High Unemployment will continue past 2012

July 14, 2010 Politisite 0

Members of the Federal Reserve lowered their expectations for economic growth and raised their projections of the nation’s unemployment rate, cautioning for the first time in recent memory that the low employment rate “over the next several years… would likely be below levels they consider to be consistent” with their mandate to maximize employment, according to meeting minutes released Wednesday. The Fed is required by law to pursue policies that […]