US Fed to pump $40bn a month into US economy

The US Federal Reserve has announced it will pump in US$40bn a month (€31bn) to bolster the world's biggest economy.

Thu, 13 Sep, 2012 - 19:27

The US Federal Reserve has announced it will pump in US$40bn a month (€31bn) to bolster the world's biggest economy.

The latest round of so-called quantitative easing will continue until the US's ailing jobs market shows signs of substantial improvement, the bank said.

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