CNBC Closing Bell November 5, 2013
Should lower their expectations, their threshold, for unemployment. Right now its 6. 5 , before they start tapering. They could lower it to 6 , maybe even 5. 5 before they start seriously thinking about tapering. And any guess as to when we get 6 unemployment, that could be a ways duown the road here. The 6. 5 level was the key reason you and i were not expecting the taper because we werent even near that. To think were going lower, 5. 5 as a marker, is extraordinary. Well be joined by bank of America Brian moynihan, well have a discussion with this on Interest Rates, and a lot to get into wit...
Source: archive.org