The Motley Fool Previous Page

Dow Bombs on a Dismal Unemployment Prediction

Matt Thalman
February 7, 2013

This morning, Chicago Federal Reserve President Charles Evans said he believes the unemployment rate will not fall below 6.5% until mid-2015. The Fed has announced that its quantitative-easing programs will continue until unemployment hits that 6.5%. While Evans believes the Fed is taking the appropriate actions to stimulate the economy, he feels it may be possible to end quantitative easing before unemployment even reaches 7%.

In additional news on the jobs front, the first-time unemploymen