Economy/Business News Alert

Federal Reserve extends itself as it shifts focus to jobs

The Federal Reserve for the first time in its history is making a concerted attempt to shape the labor market, believing that lowering unemployment is now the key to the recovery.

The historic shift inside the central bank comes after three decades of focusing on keeping inflation low. But Fed officials are realizing that approach isn't enough -- inflation has been tame in the current recovery, but economic growth has been middling.

Read more at:
http://www.washingtonpost.com/business/economy/fed-shifts-focus-to-jobs/2013/03/11/1d970b78-7d11-11e2-82e8-61a46c2cde3d_story.html

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