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The Fed first experimented with this approach in 2003, when it announced that it would keep its benchmark rate at 1 percent for a "considerable period".
Alcatel-Lucent, which is based in Paris, also announced that it would keep its Enterprise business, whose sale the company had been considering.
Chase announced that it would keep its 376 New York City branches open until 8 PM on Friday, to give customers ample time to complete banking transactions before the storm.
The company also announced that it would keep open for two additional years its Minnesota factory that builds its Ranger small pickup.
Sony announced that it would keep the PSN down indefinitely — at an estimated cost of ten million dollars in lost revenue per week — as it raced to plug the holes.
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It could announce that it would keep its benchmark rate at zero for a few years, which would probably hold down long-term rates.
The central bank took the unprecedented step of announcing that it would keep interest rates at near zero through late 2014 to encourage growth.
In particular, he argued that it could make private-sector borrowing more attractive by announcing that it would keep interest rates low until deflation had given way to 3 percent or 4 percent inflation — an idea originally suggested by yours truly.
Diane Swonk, an economist at Mesirow Financial in Chicago, said the Fed could show greater concern for job creation by tying such a forecast to the unemployment rate, announcing that it would keep short-term rates near zero until unemployment dropped below 7 percent, provided that inflation remained under control.
The Nasdaq stock market announced yesterday that it would keep its headquarters in Lower Manhattan rather than moving to Midtown.
The Federal Reserve Board announced yesterday that it would keep its overnight interest rate where it has been for nine months -- at 1percentt, its lowest level since 1958.
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CEO of Professional Science Editing for Scientists @ prosciediting.com