The Federal Reserve pulled the trigger Wednesday on a widely anticipated stimulus move, a policy involving the sale of $400 billion in short-term Treasuries in exchange for the same amount of longer term bonds.
The goal is to push down interest rates on everything from mortgages to business loans, giving consumers and companies an additional incentive to borrow and spend money.
"This program should put downward pressure on long-term interest rates and help make broader financial conditions more accommodative" the Fed said.
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