Thursday, September 3, 2009

main US economic policy actions

1) $787bn economic stimulus package (February 2009)
2) $700bn Troubled Assets Relief Program for the banking sector
3) $1.2 trillion by the Federal Reserve, "quantitative easing, a program of buying government debt in order to boost lending and to promote economic recovery.
4) Federal Reserve: The central bank's interest rates were cut to between 0% and 0.25% in December 2008 and they remain at this level today (Sept. 3, 2009)

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