The Federal Reserve will spend $45 billion a month to sustain an aggressive drive to keep long-term interest rates low. And it says it plans to keep a key short-term rate near zero until unemployment drops below 6.5 percent.
Fed to spend $45B to sustain bond purchases
The Associated Press
December 12, 2012
This article requires free registration
This article requires free registration to Daily Business Review. Please sign in or register to read the full text.