$12.2 Trillion Was Not Enough Stimulus

Filed under: Federal Reserve , Recession , Financial Crisis Developed countries are scrambling to put in place more rounds of stimulus to prop up their faltering economies. The U.S. Federal Reserve has already pledged or spent an unbelievable $12.2 trillion to bail out a handful of bankers. The Fed slashed interest rates to zero and it is now purchasing more treasuries with proceeds from existing purchases. Finally, at its recent meeting the Fed stated that it stands ready to inject more stimulus in the economy . Continue reading $12.2 Trillion Was Not Enough Stimulus $12.2 Trillion Was Not Enough Stimulus originally appeared on BloggingStocks on Thu, 23 Sep 2010 10:50:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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$12.2 Trillion Was Not Enough Stimulus

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