Fed Tries to Revive Ailing Economy
The Federal Reserve has renewed its plan to boost the ailing economy by purchasing mortgage-backed securities and government long-term debt. Meanwhile, the department will spend more than $300 billion to purchase government debts and another $750 billion to buy mortgage securities of government-backed mortgage lenders Freddie Mac and Fannie Mae.
The Federal Reserve has renewed its plan to boost the ailing economy by purchasing mortgage-backed securities and government long-term debt.
The agency also announced its decision to release over 1.2 trillion to stop the growing number of unemployment rate.
According to Fed chairman Ben Bernanke, the department will spend more than $300 billion to purchase government debts and another $750 billion to buy mortgage securities of government-backed mortgage lenders Freddie Mac and Fannie Mae.
When asked what their predictions in the coming years are, the bureau officials did not provide details on how they will address the looming economic problem which hurt most industries in the United States.
Meanwhile, the Federal Reserve said it will renew its effort to stop the increasing unemployment rate which has now reached to 8.5 percent. Experts said it can even reach up to 10 percent if the government will fail to implement fiscal and monetary policies that will strengthen the labor market.
Aside from purchasing bad debts, the bureau also lowered the lending rate which almost reached to zero percent. This low lending rate is most likely to be implemented for the next year or until the economy has already bounced back from recession.
Comment
Categories
- Franchise Opportunities
- Wholesale Business Opportunities
- Small Manufacturing Business
- Farming Business Ideas
- Unique Business Opportunities
- Shop Business Ideas
- Small Business Opportunities
- Startup Company Ideas
- Home Based Business Opportunity
- Rural Business Opportunities
- Tips for Buying and Selling
- Starting Rental Business
- Ideas for Small Business
- Free Business Ideas
- Internet Business Ideas
- Store Business Opportunities
- Entrepreneur Business Idea
- Retail Store Ideas
- Service Business Ideas
- Advice for Small Business
- Financing a Small Business
- Restaurant Business Opportunities
- Small Business Articles
- Business Marketing and Advertising
- Business News
- Repair Business Opportunity
- Professional Career Opportunities
- Business Insurance Information
- Instructor Guides
