Fed launches bold $1.2T effort to revive economy (AP)

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Fed launches bold $1.2T effort to revive economy
    (AP)

 


<p>You are not allowed to view links. Register or LoginAP - With the country sinking deeper into recession, the Federal Reserve launched a bold $1.2 trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy. To do so, the Fed will spend up to $300 billion to buy long-term government bonds and an additional $750 billion in mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.</p><br clear="all"/>


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