With its interest rate hovering around zero, the Federal Reserve — the U.S. central bank — has resorted to unconventional measures to infuse more than $1 trillion into the ailing financial system.
The bank announced March 18 it will purchase $750 billion in mortgage-backed securities and $300 billion in long-term Treasury bonds to bring down costs of home-purchase financing and other types of loans as well as to reduce long-term interest rates.
The bank announced March 18 it will purchase $750 billion in mortgage-backed securities and $300 billion in long-term Treasury bonds to bring down costs of home-purchase financing and other types of loans as well as to reduce long-term interest rates.
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