The Federal Reserve bought $7.3 billion worth of U.S. Treasuries Friday as it started a second round of quantitative easing meant to stimulate the nation’s economy, media reports indicate. The QE2 plan, designed to boost job creation and prevent deflation, has been highly criticized.
Continue reading QE2, Day One: Fed Buys $7.3 Billion in Treasuries
QE2, Day One: Fed Buys $7.3 Billion in Treasuries originally appeared on DailyFinance on Fri, 12 Nov 2010 13:00:00.