Fed to Buy $40 Billion in Mortgage Debt Each Month

Sept. 13 (Bloomberg) -- 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 bid to boost growth and reduce unemployment. The central bank's Federal Open Market Committee said it would likely hold the federal funds rate near zero “at least through mid-2015.” Hans Nichols and Michael McKee report on Bloomberg Television's "Lunch Money." (Source: Bloomberg)
Reddit Revolt: Will Petition Force Pao to Step Down?
54:50 - Peter Van Valkenburgh, director of research at Coin Center, SocialWire CEO Bob Buch and Bloomberg's Sarah Frier discuss why Redditors are calling for Ellen Pao's resignation. They speak with Bloomberg's Emily Chang on "Bloomberg West." (Source: Bloomberg)
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