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)
What's Driving the M&A Frenzy in Pharmaceuticals?
47:18 - Jefferies Analyst David Steinberg discusses mergers and acquisitions in the pharmaceutical industry. He speaks on “Bloomberg Markets.” (Source: Bloomberg)
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