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Del.icio.us  Digg  facebook  MySpace  Twitter  Google  Bookmark Me  LinkedIn  StumbleUpon  Permalink   Federal Reserve holding the line until 2014 Economic conditions "are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014," the central bank said in a statement. Compiled by staff  Published: Jan 25, 2012 The U.S. Federal Reserve took the historic step on Wednesday of setting an inflation target, of 2 percent, a victory for Chairman Ben Bernanke that brings the Fed in line with many of the world's other major central banks. The U.S. central bank, in its first ever "longer-run goals and policy strategy" statement, said it was not appropriate to adopt a fixed goal for employment, however, because the labor market is not largely determined by monetary factors. The Fed said the 2 percent target - measured by the annual change in the price index for personal consumption expenditures - is the most consistent over the long run with its mandate. Permalink: Click here Comments Read comments from others and share your own thoughts. Please provide the answer to the following question:  =

Search this site:     Read More Stories Ag state senators are blasting a Labor Department refusal to discuss farm labor rules Key ag senators are blasting the Labor Department for the way it is handling a letter from 30 lawmakers on the agency's pending controversial on-farm child labor rule. We have an audio report from RFD Radio's Matt Kaye in Washington. Read this story Centralia ag lab to be closed under new budget Gov. Pat Quinn gave his annual budget address before the General Assembly Wednesday. He outlined areas where state services will be cut, consolidated, or eliminated in the coming year. Read this story Hearing held on Corn Checkoff The Illinois Department of Agriculture held a public hearing Tuesday on a proposed increase in the state's corn checkoff. Read this story   Today Week Month Decatur losing 335 jobs at ADM Winter storm watch for NW Illinois Hearing held on Corn Checkoff Ag state senators are blasting a Labor Department refusal to discuss farm labor rules Centralia ag lab to be closed under new budget 2012 Crop Insurance Payment Simulator Now Available GROWMARK opens new facility in Casey Forecaster: Winter weather expected to return to Illinois soon Corn checkoff hearing scheduled Savings opportunities abound for '12 insurance Top 50 Tags

 

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