Boston Federal Reserve Bank President Eric Rosengren Tuesday said the key to the central bank raising interest rates is not simply that the unemployment threshold has been reached, but that the fall to a 6.5% unemployment rate is also accompanied by rapid growth in the economy.
Rosengren Q&A: 'Might Choose' to Start Hiking Once Unemployment at 6.5%
JAN 15, 2013 10:04am ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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