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03-19-2009, 06:28 PM #1
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Federal Reserve plan stuns investors
Federal Reserve plan stuns investors
By Krishna Guha in Washington
Published: March 18 2009 18:17 | Last updated: March 18 2009 23:40
The Federal Reserve on Wednesday stunned investors by announcing plans to buy $300bn of US government debt, triggering a plunge in bond yields and the dollar.
In a further display of aggression, the US central bank also said it was more than doubling its purchases of securities issued by housing giants Fannie Mae and Freddie Mac to $1,450bn. It said it now expected to keep interest rates near zero for an “extended periodâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Biden Border Crisis: 3,500 Illegal Aliens Released into US in...
05-19-2024, 06:55 AM in illegal immigration News Stories & Reports