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Fed, Worried About Recovery, Will Buy US Debt

Tuesday, August 10, 2010 - 5:54 PM
The Fed said Tuesday that it would spend a relatively small amount of money -- about $10 billion a month, economists estimate -- buying government debt. The move is designed to drive interest rates on mortgages and corporate borrowing at least a little lower and help the economy grow faster.

MikeMike327 posts since
Feb 22, 2010
Rep Points: 876