The Federal Reserve:Biggest scam
(NBC NEWS) The Federal Reserve said Thursday it will take new steps to boost the sluggish recovery including buying an additional $40 billion of mortgage debt every month for the foreseeable future.
It also said it would continue with moves to drive down interest rates and spur investment until the labor situation improves.
“If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability,” the Fed said in a statement.
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