Saying it is concerned that the economy won't be strong enough in coming months to keep adding jobs to the labor market, the Federal Reserve announced this afternoon that is increasing its efforts to give the economy a boost.
And in an unusually specific statement from the central bank, its policymakers said they expect to keep a key short-term interest rate at or near zero percent "as long as the unemployment rate remains above 6.5 percent."
Originally published on Wed December 12, 2012 12:18 pm
The caveats practically write themselves at this point: Top 10 lists are subjective and inherently insufficient to sum up any given year in music. They capture the opinions of one person and one person only — think "favorite," not "best" — and are bound to reflect not only individual tastes, but also individual experiences over the course of a given year.
It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.
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Late today a federal bankruptcy judge gave the nod to a Chinese firm to buy a Massachusetts technology company. A123 Systems makes batteries for electric cars, but some in Congress are fighting to block the deal. Curt Nickisch reports from member station WBUR in Boston.