Breaking down the Fed’s latest announcement
WASHINGTON (AP) – The Federal Reserve launched a new mortgage bond-buying program Thursday and said it plans to keep short-term interest rates at ultra-low levels until the middle of 2015. The goal is to encourage more borrowing and spending.
Here are some questions and answers about the Fed’s announcement:
Q: Why did the Fed take these steps?
Story Archived
Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.
Please sign in with your Comment Member ID and password.
Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com
