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)

Historian MacMillan Lends Perspective to Global Politics
05:15 - Margaret MacMillan is one of the world’s best known historians. The highly-decorated Canadian is known for her best-selling historical works like "Paris 1919" and "History’s People." She sat down with Bloomberg’s Amanda Lang to give some perspective on the current tensions in the world and why she’s drawn some comparisons to the situation in Europe in 1914, just before the Great War. (Source: Bloomberg)
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