After the Midterms: Federal Reserve Pumps $600 Billion Into Economy

A day after Tuesday's election handed power to the Republicans, the Federal Reserve announced it will pump $600 billion into the economy in yet another attempt to boost investment, lending and jobs. New purchases of bonds will be about $75 billion a month through June, and the Fed "will adjust the program as needed to best foster maximum employment and price stability," the Fed's Open Market Committee said in a statement. Interest rates will continue to be kept low for an "extended...Full Story
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