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Reuters: Fed says to buy long-term U.S. government debt

Started by chris, March 18, 2009, 09:59:14 PM

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chris

Fed says to buy long-term U.S. government debt
      
   
      


WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions.<div class="feedflare">
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