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Fed's Lacker: Jobless Rate Won't Hit 6.5% For Three Years

Tuesday, December 18, 2012 - 6:30 PM
Richmond Federal Reserve President Jeffrey Lacker, the only Fed member to oppose the new numerical targets for unemployment and inflation, told CNBC Monday that it will take three more years before the US jobless rate falls to the targeted 6.5 percent.

Fed's Lacker: Jobless Rate Won't Hit 6.5% for Three Years
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