The Fed Gets Down to Hard Numbers
Yesterday's Federal Reserve meeting brought some surprises and potentially an important change in how the Fed operates.
First, as you have probably read, the Fed announced that it would be expanding its current quantitative-easing program to add $45 billion per month in Treasury purchases, in addition to the $40 billion it is buying now. This replaces the roughly $45 billion per month that the Fed was buying under Operation Twist....796 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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