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."

Tillerson Urges U.N. Council to Act Before N. Korea Does
59:49 - U.S. Secretary of State Rex Tillerson discusses U.S.-North Korea relations in front of the U.N. Security Council. (Source: Bloomberg)
  • Trump Signs Order to Expand Offshore Drilling
  • Can Amazon’s Winning Sales Streak Be Stopped?
  • Trump's Biggest Successes and Failures Thus Far