The number two official at the U.S. Federal Reserve, Vice Chair Janet Yellen, has thrown her weight behind a major change in Fed policy. The issue is how the central bank should schedule its stimulus policies.
Now the Federal Reserve's money-counting machines can read bills worth $20 or less even if they're upside-down. They used to destroy bills that weren't stacked correctly.
Yesterday Federal Reserve Chief Ben Bernanke laid out the Fed's new economic stimulus plan. It's round 3 of so-called quantitative easing. The Fed will buy $40 billion worth of mortgage-backed securities every month, until it decides the economy has improved.
The Fed will spend $40 billion a month buying mortgage securities. Yesterday, that news was a big help to markets here in America. Today, it seems to be giving a helping hand to Europe as well.
Yesterday, Ben Bernanke announced the Federal Reserve is going to do another round of what’s called “quantitative easing.” The Fed will buy $40 billion worth of mortgage-backed securities every month until Bernanke and his colleagues are satisfied the job market — and the economy — have improved.
The Federal Reserve announced its third round of quantitative easing Thursday to help stimulate the economy. You've heard the explainers. You've seen the videos. Now, let's review all the analogies.
The Federal Reserve wraps up its two day policy meeting today. It's expected to announce whether it will pump more stimulus money into the U.S. economy. Meanwhile, we just got inflation numbers for August. Wholesale prices increased 1.7 percent last month — the biggest jump in three years.
