The Fed should buy bonds at least until the U.S. jobless rate falls below 7.25% and should keep...

|By:, SA News Editor

The Fed should buy bonds at least until the U.S. jobless rate falls below 7.25% and should keep interest rates near zero until the rate hits 6.5%, Boston Fed's Eric Rosengren says in pitching a plan that would set the clearest end point so far for its QE program. The Fed has said it will buy mortgage debt and possibly Treasurys until the labor outlook improves "substantially."