High unemployment expected to last for next 3 years

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Thursday, December 13, 2012

AP: The Federal Reserve predicts the unemployment rate will remain high until late 2015.

The latest economic projections released Wednesday from the Fed were little changed from September. The central bank still expects economic growth to be no stronger than 3 percent next year. Growth could improve to 3.5 percent in 2014 and 3.7 percent in 2015.

The Fed said Wednesday that it plans to keep its key short-term interest rate near zero at least until the unemployment rate is below 6.5 percent.

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Guest
0 #1 rdrGuest 2012-12-13 21:08:11
This is so unnecessary,and so unfortunate for the next generation. But the majority voted for anti-business and anti-investment policies and officials. Did they know this was the price they would be paying?
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