Fed will purchase $600 billion in government debt over 8 months

Federal Reserve policymakers will address a faltering economic recovery by launching another round of quantitative easing. The central bank said it will buy $600 billion in Treasurys during the next eight months and is ready to expand the program if the economy remains persistently weak. The aggressive move is considered a risky one for the Fed because it might make the central bank a target of the new Congress.

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