While the Fed's decision to set unemployment and inflation targets for its monetary policies is...


While the Fed's decision to set unemployment and inflation targets for its monetary policies is historic, RBS forex strategist Greg Gibbs says the goals aren't all that aggressive, and are consistent with the Fed's forecasts and rate guidance. On the other hand, because the 6.5% employment target is quite a way off, says StanChart's Rob Aspin, "there could be an increase in volatility" when the jobless data is released.

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