Charles Evans, president of the Chicago Fed, wants the central bank to keep the federal funds rate near zero until unemployment falls to 6.5% -- a jobless rate not seen since 2008.
Federal Reserve official wants low interest rates until unemployment falls to 6.5% - No... - 0 views
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in January he will rotate into a voting role on the Fed's policymaking committee. For about a year, he has been urging his colleagues to publish clear economic targets that would guide the central bank's policies.
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. He wants to see the unemployment rate fall to at least 6.5% and inflation not exceed 2.5% a year
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Factory fire raises safety questions for big box stores like Wal-Mart, Sears - Nov. 30,... - 0 views
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Ten people were injured after jumping from windows to escape the inferno at the 10-story building. Eye witnesses say that managers had locked the windows and gates to the buildings, which had no fire escapes, effectively trapping the workers in.
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A total of 112 people were killed and at least 200 more were injured in a fire Saturday at the Tazreen Fashions Factory, located near Bangladesh's capital city Dhaka. Two days later, another apparel factory near Dhaka caught fire.
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Photos of items sold at Wal-Mart
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