Fed announces new bid to jolt economy

As expected, the Federal Reserve has announced a new program designed to prod the faltering economy into life. The central bank will buy $400 billion worth of longer-term Treasury bills by the end of June 2012, and will sell an equal amount of shorter-term Treasuries. The goal is to encourage borrowing by pushing down longer-term

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Fed announces new bid to jolt economy

Posted by on September 21, 2011. Filed under News, Trending News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.