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Fed Officials See High Unemployment For Years

Wednesday, June 30, 2010 - 1:09 PM
From Reuters
Unemployment is likely to stay high for a long time, two Federal Reserve officials said on Wednesday, suggesting the U.S. central bank is in no rush to raise its ultra-low interest-rate policy.

I'm afraid this is just a reinforcement of what we already knew. Don't expect higher interest rates any time soon.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800