WASHINGTON — With a nervous eye on the “fiscal cliff,” the Federal Reserve is expected this week to announce a new bond-buying plan to support the U.S. economy. The goal would be to further reduce long-term interest rates and encourage borrowing by companies and individuals. If it succeeds, the Fed might at least soften the blow from tax increases and spending cuts that will kick in in January if Congress can’t reach a budget deal.
Fed Is Expected To Launch New Bond Buying Program
Associated Press, Time: Business
Tue, 12/11/2012 - 9:10am
Topics: washington with federal reserve congress chairman ben bernanke july consumers more fixing inflation adjustments is smart way reduce deficit once operation twist the fed fed u.s fed s treasurys treasury twist twist expected bond buying program economy long-term cliff portfolio spending rates month plan fiscal short-term financial companies cuts replace
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