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Fed Seen Kicking Off QE3 Thursday

Economists also expect FOMC to pledge to keep rates low into 2015.

By Joshua Zumbrun and Jeff Kearns, Bloomberg | Updated on September 12, 2012

The Federal Reserve is likely to announce a third round of bond purchases tomorrow, according to almost two-thirds of economists in a Bloomberg survey, while also extending the duration of its zero-interest-rate policy into 2015.

Chairman Ben S. Bernanke and his colleagues on the Federal Open Market Committee will once again roll out unconventional policies to bolster economic growth of less than 2 percent in the second quarter and bring down unemployment stuck above 8 percent for 43 straight months, the survey showed.

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