Federal Reserve says US recovery “disappointingly slow”; To buy $600bn in Treasury bonds to drive down interest rates, encourage borrowing and growth
Nov 4th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Federal Reserve said on Wednesday that the US recovery is “disappointingly slow” and it announced it would buy an additional $600bn in long-term Treasury bonds by the end of June 2011, to drive down interest rates and encourage more borrowing and growth.