{"id":11788,"date":"2009-03-19T01:30:17","date_gmt":"2009-03-19T01:30:17","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/fed_to_buy_1_trillion_in_securities_to_aid_economy\/"},"modified":"2009-03-19T01:30:17","modified_gmt":"2009-03-19T01:30:17","slug":"fed_to_buy_1_trillion_in_securities_to_aid_economy","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11788","title":{"rendered":"Fed to Buy $1 Trillion in Securities to Aid Economy"},"content":{"rendered":"<p>Saying that the recession continues to deepen, the Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the mortgage market and longer-term Treasury securities in order to revive the economy.<\/p>\n<p>\u201cJob losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending,\u201d\u009d the Fed said, adding that it would \u201cemploy all available tools to promote economic recovery and to preserve price stability.\u201d\u009d<\/p>\n<p>As expected, the Fed kept its benchmark interest rate at virtually zero. But in a surprise, it dramatically increased the amount of money it will create out of thin air to thaw out the still-frozen credit markets that have cramped lending to consumers and businesses alike.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2009\/03\/19\/business\/economy\/19fed.html?_r=1&#038;hp\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saying that the recession continues to deepen, the Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the mortgage market and longer-term Treasury securities in order to revive the economy. \u201cJob losses, declining equity and housing<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11788\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,595,149,671,596,584],"tags":[],"class_list":["post-11788","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-credit-markets","category-economy","category-federal-reserve","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11788"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11788\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}