US Fed looking for decline in jobless rate

Before latest bond-buying program,US fed is looking strong economic growth.

Written by Agencies | San Francisco | Published: October 16, 2012 12:14 pm

The U.S. Federal Reserve is looking for a steeper decline and stronger economic growth before it will stop its latest bond-buying program,a top Fed official said on Monday.

We need to see stronger,sustained improvement in the labor market,moving us down a sharper kind of curve in terms of unemployment,San Francisco Fed President John Williams said. The Fed is also looking for faster GDP growth and the creation of more jobs,he said.

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