The Federal Reserve's Plan To Get Back Our Economy
WASHINGTON D.C. - The Federal Reserve announced on Thursday a series of aggressive steps designed to kick-start the economy and reduce unemployment.
The nation's central ban says it will keep interest rates very low for the next two and a half years to make home buying more affordable.
It will also buy billions of dollars worth of mortgage debt to stimulate borrowing and spending.
Chairman Ben Bernanke also said that the fed stands ready to try other measures if hiring doesn't pick up.
It seems that's what investors on wall street wanted to hear the dow jones industrial average shot up more than 200 points, reaching its highest point since the start of the great recession.
- Federal Agency Spending Is Questioned
- Sequester Bill Cuts 85 Billion Dollars in Federal Spending
- Federal Unemployment Benefits End for Thousands of Floridians
- Partnership Will Create Action Plan For Chiefland's Economy
- High Court Sends Back Texas Race-based Plan
- Federal judge stalls Obama's executive action on immigration
- Traveling During the Thanksgiving Holiday? Plan Ahead if Your're Coming Back Sunday
- Valentine's Day: how much do you plan to spend?
- Marion County Sheriff's Deputy Will Not Be Getting His Job Back
- Panhandle Counties Plan To Spend Oil Spill Funds