Could Fed scrap jobless rate link to interest rates? Why one economist says yes

The Federal Reserve could get rid of its 6.5% unemployment threshold for lifting interest rates as soon as Wednesday’s policy statement, according to Michael Hanson, senior U.S. economist at Bank of American Merrill Lynch. “There is a pretty good chance drop the 6.5% threshold and replace it with…

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Could Fed scrap jobless rate link to interest rates? Why one economist says yes

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