Fed `Extended Period’ Pledge Faulted as Inflexible by Four Policy Makers

by admin on March 10, 2010

By Steve Matthews and Scott Lanman March 10 (Bloomberg) — The Federal Reserve’s pledge to keep interest rates close to zero for an “extended period” has come under criticism from policy makers who say it’s restricting their room to maneuver as the economy recovers.

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Fed `Extended Period’ Pledge Faulted as Inflexible by Four Policy Makers

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