Fed waits for job market to perk up
LONDON (Reuters) – The Federal Reserve’s ultra-loose monetary policy is a root cause of the "currency wars" that some see as a looming threat to the world economy, but don’t expect the U. S. central bank to signal a shift back to normal any time soon. The Fed, whose policy-setting Federal Open Market Committee concludes a two-day meeting on Wednesday, said just last month that it expects to keep short-term interest rates exceptionally low until the U. S. unemployment rate falls to 6. 5 percent, inflation permitting. That goal is still distant. . . .
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