Tweaking his previous statements, Federal Reserve Bank of Chicago President and Chief Executive Officer Charles L. Evans said Tuesday the fed funds rate should be kept near zero until unemployment is below 6.5% as long as inflation stays under 2.5%.
Evans Wants FFR Near Zero Until Jobless Rate 6.5%
NOV 27, 2012 8:00pm ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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