Wednesday, September 21, 2011

Fed Moves to Push Down Long-Term Rates - NYTimes.com

Fed Moves to Push Down Long-Term Rates - NYTimes.com

"The central bank said in a statement that the program was aimed at reducing the cost of borrowing for businesses and consumers, including the cost of mortgage loans. It hopes that the lower rates will encourage companies to build new factories and hire more workers, and consumers to start spending again on homes and cars and clothes and vacations."

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