Federal Reserve to spend $45B a month to buy bonds, links rate hike to 6.5 pct. unemployment - The Washington Post

Federal Reserve to spend $45B a month to buy bonds, links rate hike to 6.5 pct. unemployment - The Washington Post: The Fed says it plans to keep its key short-term rate near zero until the unemployment rate reaches 6.5 percent or less — as long as expected inflation is tame. Unemployment is now 7.7 percent.
That plan adds detail to what the Fed had said before: that it expects to keep the rate low until at least mid-2015. For the first time, the Fed is making clear to investors and consumers that it will link its actions to specific economic markers.