Federal Open Market Committee Votes to Continue Purchases of Mortgage Backed Securities to the Tune of $40 Billion per Month


San Francisco, CA (PRWEB) November 02, 2012

Each month the Federal Open Market Committee (FOMC) meets to determine what actions might be necessary to meet its mandate, which is to foster maximum employment and price stability. At the October 24th meeting the committee reviewed the information made available to it since the September meeting and came to the following conclusions:

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