CBS Evening News

Season 2012 Episode 20121212

12/12: Fed links interest and unemployment rates; restoring old hot rods, saving young souls

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Full Episode: 12/12: Fed links interest and unemployment rates; restoring old hot rods, saving young souls (20:21)

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Full Episode Summary

The Federal Reserve has announced that interest rates will stay low until unemployment drops to 6.5 percent - no matter how long that takes. Wyatt Andrews reports how the Fed plans on controlling interest rates; And, amid the gang wars of Chicago, a former architect is taking in the city's disenfranchised youths and giving them a wrench to restore old hot rods -- at the same time as restoring their own lives.moreless
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Politics, Breaking News, mainstream america, talking heads, Profile