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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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Source: Bloomberg - on December 12, 2012

News video: Fed Boosts QE With $45 Bil in Monthly Treasury Buys

Fed Boosts QE With $45 Bil in Monthly Treasury Buys

Dec. 12 (Bloomberg) -- The Federal Reserve said it will buy $45 billion a month of Treasury securities starting in January, expanding its asset-purchase program, and it linked the outlook for its main interest rate to unemployment and inflation. Peter Cook reports on Bloomberg Television's...

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