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Fed Will Shift Debt Holdings To Lift Growth.
- Source :
-
New York Times . 9/22/2011, Vol. 161 Issue 55536, p1. 0p. - Publication Year :
- 2011
-
Abstract
- WASHINGTON -- The Federal Reserve announced an unconventional plan on Wednesday to reduce borrowing costs for businesses and consumers, trying once more to spur economic growth despite urgings from Republicans that it refrain from any expansion of its stimulus program. The Fed said that it would invest $400 billion in long-term Treasury securities over the next nine months, using money raised by selling its holdings of short-term federal debt, in an attempt to drive down interest rates on mortgage loans, corporate bonds and other forms of credit. [ABSTRACT FROM PUBLISHER]
- Subjects :
- *MORTGAGE loans
*CORPORATE bonds
*ECONOMIC development
*INTEREST rates
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 161
- Issue :
- 55536
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 65568180