Fed Announces Big Bond Buy, Stocks Soar despite Jobless Numbers

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The Federal Reserve plans to buy $600 billion in US government bonds -- $75 billion a month — to drive down interest rates and encourage the borrowing that stimulates growth. Stock market investors love it, but some call it a "Hail Mary" pass by Fed Chairman Ben Bernanke. That's according to today's Wall Street Journal. Sudeep Reddy reports for the paper and blogs for Real Time Economics.




Warren Olney