The latest scheme is to buy more Mortgage Backed Securities (MBS) to increase their price (improves bank balance sheets) and lower their yield (lowers mortgage interest costs to help borrowers) by the tune of $40bn per month for as long as needed. The Fed also signaled that ZIRP (near zero short term interest rates for their mates) would likely continue into 2015, just in case anyone had any doubt it would.
Sep 13, 2012 by AssociatedPress
Now to translate that into English......
Sep 13, 2012 by Euronews