Economy
4:57 pm
Thu September 13, 2012

Fed Unveils New Programs To Stimulate Economy

Originally published on Thu September 13, 2012 11:19 pm

The Federal Reserve expanded its list of stimulus programs Thursday with a new one aimed squarely at the housing market. The Fed will begin buying $40 billion worth of mortgage-backed securities every month, and will continue doing so until it sees the labor market improve.