Mexican Media Brands
Fed Takes Strong Measures to Boost U.S. Economy
The Federal Reserve has acted aggressively to stimulate the flagging American economy by expanding a bond purchase program and extending its promise to keep interest rates near zero by six months until at least mid-2015.
#economics
Share
The Federal Reserve has acted aggressively to stimulate the flagging American economy by expanding a bond purchase program and extending its promise to keep interest rates near zero by six months until at least mid-2015.
The Fed added a new pledge to keep rates near zero even after the economy rebounds.
The central bank plans to buy $40 billion (€31 billion) of mortgage-backed securities per month and to continue the program until the job market improves. The Fed also extended through year-end its commitment to buy $45 billion (€34.8 billion) of U.S. Treasury securities monthly.
Worldwide stock and bond markets rallied on the Fed news as investor's economic confidence rose.
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.