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Keyword: treasuties

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  • Fed to Buy U.S. Debt, Saying Recovery Has Slowed

    08/10/2010 11:49:47 AM PDT · by John W · 327 replies
    The New York Times ^ | August 10, 2010 | The New York Times
    Acknowledging that the recovery has slowed, the Federal Reserve announced Tuesday that it would use the proceeds from its huge mortgage-bond portfolio to buy long-term Treasury securities, The New York Times’s Sewell Chan reports from Washington. By buying government debt, the Fed is taking an unmistakable step to maintain the large amount of money that it pumped into the economy, starting in 2007, to prop up the financial and housing markets.