Fed Announces More Stimulus

This just in:

  • *FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME’
  • *FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN’T IMPROVE
  • *FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END
  • *FED TO BUY $40B MBS MONTHLY, CONTINUE `OPERATION TWIST’
  • *FED TO BUY MBS, EXTENDS ZERO-RATE POLICY INTO 2015

For more on this breaking story let’s check in with Fed Chairman Ben Bernanke, at the Fed window, to get a better understanding of how quantitative easing works.

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