US Federal Reserve to buy Treasuries to boost economy (The Malaysian Insider)

May 3rd, 2010 | by DebtFree.net |

NEW YORK, March 19 — The US Federal Reserve yesterday stunned markets by announcing it would pump another US$1 trillion (RM3.7 trillion) into the ailing US economy by buying long-term government debt for the first time since the 1960s and by expanding its purchases of mortgage bonds. The Fed had already lowered its benchmark interest rate to near zero last December, leaving it little option but …
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