WASHINGTON — Research from economists at the Federal Reserve Board of Governors argue for the central bank to keep the Fed Funds rate low even after the central bank passes its stated inflation and unemployment thresholds. But while the paper argues for reducing the unemployment threshold to 5.5%, it should not be assumed that a decision from the Fed's policymaking committee is imminent.

William English, director of the Monetary Affairs division at the Federal Reserve Board, along with fellow Fed economists J. David Lopez-Salido and Robert Tetlow, argue in a paper to be presented Friday at the IMF's annual research conference that there could be improved economic performance by lowering the stated 6.5% unemployment threshold at which the Federal Open Market Committee would start raising rates.

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