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Fed Considered Lower Bar For Unemployment

Wednesday, August 21, 2013 - 2:59 PM
From the Washington Post
The Federal Reserve debated whether to set a new threshold for raising interest rates that would keep its easy-money policy firmly in place even longer, according to minutes from its July policy meeting released Wednesday.

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This isn't good news for savers.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Wednesday, August 21, 2013 - 5:09 PM
This just confirms that the current cabal at the Federal Reserve exists merely to line the pockets of the big boys on Wall Street.  Any excuse not to let the savers and pensioners who seek less risky havens for their hard earned cash to earn one thin dime more on their deposits.  It's a rigged game and Ben Bernanke does the bidding of the puppet master Lloyd Blankfein of Goldman Sachs.
ShorebreakShorebreak2,677 posts since
Apr 6, 2010
Rep Points: 14,533