Fed, Worried About Job Growth, Launches New Stimulus

By Don Lee and Jim Puzzanghera, Los Angeles Times
Thu, 09/13/2012 - 10:00am

WASHINGTON -- The Federal Reserve, hoping to give another shot in the arm to the pallid recovery, announced it would launch a new round of a controversial bond-buying stimulus program. The central bank also further extended its pledge to keep short-term interest rates near zero, now through the middle of 2015.

Sections: news politics business

Topics: banks bonds central bank economic stimulus economy federal reserve interest rate low interest rate u.s. economy

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