Thursday, March 19, 2009

The Fed makes it official- they are monetizing the debt

The Federal Reserve surprised financial markets and committed to buy $300 billion in longer-term Treasurys to help the economy recover. The Fed was more pessimistic about the outlook, in a statement released after its two-day meeting. Officials removed language saying they expected the economy to recover later this year.

read more | digg story

No comments:

3-29-2026

  Pentagon preparing for weeks of ground operations in Iran, Washington Post reports White House App Found Tracking Users' Exact Locatio...