Friday, September 14, 2012

More details on the Fed easing

Sep 13, 2012 by AlJazeeraEnglish

The economy remains one of the leading issues in the 2012 campaigns for the US presidency.

With the collapse of the US financial sector in 2008, and the staggering unemployment levels, President Obama's tenure in the Oval Office has been defined by the economy and the worst recession in a lifetime.

In a bid to turn the economy around, the US central bank has announced it is pumping billions of dollars into the economy, a third round of "Quantitative Easing".

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