Fed official: Use thresholds to raise interest rates

Posted: December 4, 2012 at 12:42 a.m.

The Federal Reserve should consider changing its summer 2015 timetable to raise interest rates and instead raise rates if unemployment falls below 6.5 percent and inflation remains under 2.5 percent, the president of the Federal Reserve Bank of St. Louis said Monday.

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Business, Pages 23 on 12/04/2012