US Launches Quantitative Easing Part 2
November 3rd, 2010 Posted in What's HappeningWhat’s Happening – November 3, 2010 Edition
American Central bank, The US Federal Reserve, announced today that it will purchase $600 billion of long term U.S. Treasury bonds over the next eight months, and will reinvest an additional $300 billion dollars proceeds from earlier investments, to pump billions of dollars into the economy.
Quantitative Easing is a monetary when government pumps money into the economy by purchasing bonds or other securities to stimulate the economy.
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