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Fed to spend $45 billion a month to sustain bond purchase program to keep rates low

Fed to spend 45 billion month to: KansasCity.comKansasCity.com
Wednesday, 12 December 2012

The Federal Reserve will spend $45 billion a month to sustain an aggressive drive to keep long-term interest rates low. And it set a goal of keeping a key short-term rate near zero until unemployment drops below 6.5 percent.
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Market `Pricing In' Fiscal-Cliff Deal, PNC's Stone Says (Video)
Source: Bloomberg
News video: Market `Pricing In' Fiscal-Cliff Deal, PNC's Stone Says (Video)Dec. 13 (Bloomberg) -- E. William Stone, chief investment strategist at PNC Wealth Management in Philadelphia, talks about Federal Reserve monetary policy, the so-called fiscal cliff and its implications for U.S. stocks. The Fed for the first time linked the outlook for its main interest rate to...

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