Fed lets bond-buying “stimulus” program expire

posted by
June 22, 2011
Los Angeles Times    
Posted in News

"Amid increasing domestic political pressure and turbulent global economic conditions, the Federal Reserve said Wednesday it would let its massive bond-buying program expire in a matter of days and announced no new initiative to prop up the American economy -- even as the central bank downgraded its economic assessment to reflect the sputtering recovery." (06/22/11)



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