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Fed Announces Big Bond Buy, Stocks Soar despite Jobless Numbers
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 .
By Warren Olney • • 1 min readThe 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.
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The Lame Duck Congress and the Republican Agenda- 0:00Fed Announces Big Bond Buy, Stocks Soar despite Jobless NumbersYou’re reading this
- 7:48The New Congress and the Old One's Unfinished Business
- 43:26Florida's Marco Rubio Is Suddenly a GOP Rising Star
The full episode
1 of 3The Lame Duck Congress and the Republican Agenda- 0:00Fed Announces Big Bond Buy, Stocks Soar despite Jobless NumbersYou’re reading this
- 7:48The New Congress and the Old One's Unfinished Business
- 43:26Florida's Marco Rubio Is Suddenly a GOP Rising Star