Federal Reserve launches new effort to bolster the economy

09/25/2011 | InvestmentNews (free registration)

The Federal Reserve announced a $400 billion plan last week to lower borrowing costs and boost the global economy. The effort calls for trading some of the Fed's short-term debt holdings for long-term debt. The bank also announced plans to invest more funds in mortgage-backed securities as a way to support the U.S. housing market.

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