Game Changer! Why This Fed Decision Was a Huge Departure From Every Move The Fed Has Made Before
Filed under: Economy
By Joe Weisenthal
Here are the key paragraphs from today’s Fed announcement …
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will continue through the end of the year its program to extend the average maturity of its…
Game Changer! Why This Fed Decision Was a Huge Departure From Every Move The Fed Has Made Before originally appeared on DailyFinance.com on 2012-09-13T15:09:00Z.
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