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The Federal Reserve will stimulate the sluggish U.S. economy further, purchasing additional agency mortgage backed securities and said it expects to maintain the target for the federal funds rate at 0-0.25 percent at least through 2015, one year longer than it previously had forecast.
Click to read the statement from the Federal Open Market Committee.
2012-09-13 19:20:21
Source: http://www.centralbanknews.info/2012/09/federal-reserve-launches-qe3-keeps-rate.html