Ever since the bank introduced that extraordinary forward guidance in December of last year, Fed Chair Ben Bernanke has been at
pains to explain to investors and reporters that the 6.5 % target is a «
threshold» and not a «trigger,» meaning that the bank could decide to keep rates low for longer if it is not satisfied that 6.5 % really
indicates a substantial improvement.
15 years ago when the Michigan Legislature passed the law, it
indicated in order for a person to receive compensation for
pain and suffering resulting from a Michigan accident that they must have a
threshold level injury.