The unemployment rate remains "unacceptably high," says FRBNY President Dudley, promising to stay the course with QE∞, and take a hard look at amending it with more Treasury purchases in 2013. Instead of putting a number on what he wants to see for headline UE, Dudley will focus on a range of current and forward-looking indicators.
The unemployment rate remains "unacceptably high," says FRBNY President Dudley, promising to...
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