Economy

December 12, 2012 1:15 PM

Fed's bond buying will continue until jobless rates drops

Offering greater clarity to financial markets and politicians, the Federal Reserve on Wednesday took the unprecedented step of saying it would continue its controversial bond buying and other steps to stimulate the economy until the unemployment rate falls to 6.5 percent or below and stays there.

Related content

Comments

Videos

More Videos

British royal family, Obamas trash talk ahead of Invictus Games 00:40

British royal family, Obamas trash talk ahead of Invictus Games

Pope Francis goes to Washington 02:11

Pope Francis goes to Washington

Canadian State Visit 00:28

Canadian State Visit

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama 01:44

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama

Obama sings 'Amazing Grace' at Rev. Clementa Pinckney's funeral 02:12

Obama sings 'Amazing Grace' at Rev. Clementa Pinckney's funeral

Astronauts kick off White House Science Fair 2016 01:33

Astronauts kick off White House Science Fair 2016

A look back at all Obama's State of the Union addresses, and the one word he uses each year 03:05

A look back at all Obama's State of the Union addresses, and the one word he uses each year

Obama: U.S. to restore full diplomatic relations with Cuba 06:25

Obama: U.S. to restore full diplomatic relations with Cuba

Share Video

Editor's Choice Videos