What more can the Fed do now?
https://dervishcom.blogspot.com/2011/08/what-more-can-fed-do-now.html
As the U.S. economy staggers toward what could be another recession, the Federal Reserve doesn't have the tools to do much to help keep it steady -- though that won't necessarily stop the central bank from trying.
The Fed's current policy is to maintain ultra-low interest rates and use other unconventional steps, such as monetary easing, to pump up the economy. Last spring, the Fed purchased $600 billion in Treasury bonds to boost the money supply, a policy known as quantitative easing. But when that round bond-buying expired in June, the central bank declined to take any new action to loosen monetary policy on projections that economic growth would rebound in the second half of 2011.
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Paul Kane 03 Aug, 2011
Paul Kane --
Source: http://feeds.washingtonpost.com/click.phdo?i=e34fdf342c74c76a056b0b5b8a9474b5
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