Fed Buys $40B MBS Monthly, Zero-Rate Policy to 2015

Sept. 13 (Bloomberg) -- Bloomberg's Mike McKee reports that the Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment. The FOMC also said it would likely hold the federal funds rate near zero “at least through mid-2015.” He speaks on Bloomberg Television's "Lunch Money."

Boeing Said to Face Accounting Probe of 787, 747 Jets
33:20 - Boeing closed at its lowest in more than two years after reports that it’s the subject of an accounting review. Bloomberg's Matt Robinson reports on "First Up." (Source: Bloomberg)
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