>
> Fed to Buy $600 Billion in U.S. Debt; Calls Recovery 'Disappointingly Slow'
>
> The Federal Reserve, concerned about the slow recovery,
> announced a second, large purchase of Treasury bonds on
> Wednesday, an effort to spur economic growth by lowering
> long-term interest rates.
>
> The Fed said it would buy an additional $600 billion in
> long-term Treasury securities by the end of June 2011,
> somewhat more than the $300 billion to $500 billion that many
> in the markets had expected.
>
> While the Fed has been signaling for months that it would
> take action to bolster the economy, the announcement comes as
> the election results heighten the potential for gridlock on
> fiscal policy, including tax cuts and spending to encourage
> job creation and growth.
>
> Read More:
> http://www.nytimes.com?emc=na
>
>
>
No comments:
Post a Comment