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  • Fed to spend $45B to sustain bond purchases

    December 12, 2012 11:40 AM

    WASHINGTON- The Federal Reserve will spend $45 billion a month to sustain an aggressive drive to keep long-term interest rates low. And it set a goal of keeping a key short-term rate near zero until unemployment drops below 6.5 percent. The policies are intended to help an economy that the... more »

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