The Fed announced plans to lower long-term interest rates to encourage investing and hiring. But the real path to long-term survival is in your own workplace. Many CEOs have been paralyzed with fear about going over that fiscal cliff the news media have been screaming about. The result of paralysis is inaction, and that translates into no investment, either in hiring or in process improvements. Recognizing this, the Fed announced plans to lower long-term interest rates to encourage borrowing, spending, investing - and hiring. In fact, Fed Chairman Ben Bernanke recently indicated that unemployment would have to hit a low of 6.5% before interest rates go higher.
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