Fed Ties Interest Rate Outlook to Range of Data

March 19 (Bloomberg) -- The Federal Reserve said it will look at a wide range of data in determining when to raise its benchmark interest rate from zero, dropping a pledge tying borrowing costs to a 6.5 percent unemployment rate. The Fed also reduced the monthly pace of bond purchases by $10 billion to $55 billion, the Federal Open Market Committee said in a statement today following a meeting in Washington that was the first led by Chair Janet Yellen. Peter Cook reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
Influencer Interview: Jeff Smith
09:03 - Bloomberg’s Erik Schatzker speaks with Jeff Smith, Managing Member, Chief Executive Officer, and Chief Investment Officer of Starboard Value LP on opportunities and challenges in 2016. They speak at the Bloomberg Markets Most Influential Summit in New York. (Source: Bloomberg)
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