Fed relaunches bond buying, says job creation is target

The Federal Reserve said its most important objective is stimulating job creation, and it formally tied interest-rate policy to the unemployment rate. The central bank said it will keep interest rates low until joblessness drops to at least 6.5%, and said it will buy $85 billion a month of Treasurys and mortgage-backed bonds until the labor market recovers.

View Full Article in:

New York Times (tiered subscription model), The · Los Angeles Times (tiered subscription model) · Reuters

Published in Briefs: