Fed Announces $45B-a-Month Bond Buy

Plans to hold interest rates down until jobless rate hits 6.5%

By Kevin Spak,  Newser Staff

Posted Dec 12, 2012 12:10 PM CST

(Newser) – The Federal Reserve dropped a bombshell today, announcing that it would spend $45 billion a month on bond purchases to keep interest rates low, and that it would keep its short-term rates near zero as long as it takes to get unemployment below 6.5%....   Read full story »


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