Schwarz also noted that as the Fed wants to keep

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Schwarz also noted that as the Fed wants to keep the target interest rate at between 0% and a 0.25% for quite some time, it is flexible on making that period shorter or longer as prevailing conditions warrant. In order to ensure economic growth under current conditions, the task for Fed chair Yellen is “to keep conditions accommodative despite QE having ended,” she said. “Rates might begin to change at the end of 2015, but this could drag on longer.”.

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