Business Insider

April 2, 2013 12:00 AM

The Economy by Peter R. Crabb: The Fed comes to the end of its interest-manipulating rope

In December 2008, the Federal Open Market Committee voted unanimously to lower interest rates in the interbank lending market from 1 percent to a range of 0 to 0.25 percent. At their most recent meeting in March, committee members reiterated this decision and added that "this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6› percent."

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