Marketplace for Thursday, September 13, 2012
The Federal Reserve has announced that it will pump $40 billion a month into mortgage bonds for "as long as it takes" to make buying viable again. It also plans to keep short-term interest rates near zero until at least 2015. Frank Newport breaks down the latest Pew numbers. Plus Marketplace's Amy Scott checks in with Oyler School, part of the burgeoning "community schools" movement, and China correspondent Rob Schmitz brings us more stories from China's famous (and infamous) Street of Eternal Happiness.