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The rate decision of the Federal Reserve is announced on a television screen on the floor of the New York Stock Exchange Thursday, Sept. 13, 2012. The Federal Reserve unleashed a series of aggressive actions Thursday intended to stimulate the still-weak economy by making it cheaper for consumers and businesses to borrow and spend. (AP Photo/Richard Drew)
Frank Babino
The rate decision of the Federal Reserve is announced on a television screen on the floor of the New York Stock Exchange Thursday, Sept. 13, 2012. The Federal Reserve unleashed a series of aggressive actions Thursday intended to stimulate the still-weak economy by making it cheaper for consumers and businesses to borrow and spend. (AP Photo/Richard Drew)
WASHINGTON, DC - SEPTEMBER 13: Chairman of Federal Reserve Board Ben Bernanke speaks during a news conference September 13, 2012 in Washington, DC. Following a two-day Federal Open Market Committee meeting, Bernanke presented the FOMC’s current economic projections and provided additional context for the FOMC’s policy decision. The Federal Reserve announced it will purchase additional agency mortgage-backed securities at a pace of $40 billion per month to support a stronger economic recovery and to help ensure that inflation is at the rate most consistent with its dual mandate over time. (Photo by Alex Wong/Getty Images)
The Federal Reserve, stretched to the limit of its power, Thursday settled on an aggressive bond-buying campaign aimed squarely at boosting the housing market and consumer attitudes. Faced with slow growth and increases in long-term unemployment and discouraged job-seekers, the Fed’s policymaking committee agreed on …
