Federal Reserve pushes stocks up
Fri, 14 Sep 2012 8:36a.m.
The Federal Reserve in the US has inspired stock markets overnight after announcing how it hopes to stimulate the US economy.
As well as keeping interest rates near zero, chairman Ben Bernanke says the Fed will buy billions of dollars worth of mortgage-backed securities each month for as long as it needs to, in a bid to warm up the real estate market.
Firstline's Rachel Smalley talks to CNBC reporter Brian Shackman in New York.
Watch the video.
Post a Comment
Before commenting, please take the time to read our moderation guide
(Won't be published)
14/09/2012 6:17:45 p.m.
Inevitable Inflation wrote:
Liquidity for the rich debt for the poor, Yeah that will work.
14/09/2012 9:59:59 a.m.
It was the Clinton using Fed funds to finance people into homes that got the US property market in the mess it is?That artifically raised prices, and when the subsidies timeframe ended, it crashed the market losing US Fed funds in the billions, plus wiping billions off home owners values.
A high speed test has been launched in Moana, in the Lake Br...
Auckland, our biggest city, is forecast to grow by up to ano...
The Whakatane Beacon has joined the Ashburton Guardian and t...
The Govt says it's hypocritical of the Greens to criticise t...
The International Monetary Fund has called on Britain to do ...
Copyright © 2013 MediaWorks TV. All Rights Reserved.