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Fed Dropped Jobless Target In Secret Meeting

Thursday, April 10, 2014 - 7:55 PM
WASHINGTON (MarketWatch) — Federal Reserve officials had a secret video conference call in early March and reached a general consensus that the 6.5% unemployment rate threshold for the first rate hike was outdated, the central bank said Wednesday.

Fed dropped jobless target in secret meeting - The Fed - MarketWatch
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