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."

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Pilots Disabled Critical Computers Before AirAsia Crash
17:03 - Jan. 30 -- The pilots of AirAsia Flight 8501 cut power to a critical computer system that normally prevents planes from going out of control shortly before it plunged into the Java Sea, two people with knowledge of the investigation said. Bloomberg's Alia Karenina reports on "On The Move Asia."
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