By Neil Irwin
Washington Post Staff Writer
Thursday, November 4, 2010; 12:31 AM
The Federal Reserve escalated its efforts to get the U.S. economic recovery back on track Wednesday, again entering the realm of risky and untested policy in response to the worst downturn in generations.
The plan to pump $600 billion into the financial system is designed to stimulate the economy in large part by lowering mortgage and other interest rates.
more...
No comments:
Post a Comment