News Headlines Article

House GOP Leaders Aim to Defund Health Reform Law

The Federal Reserve will not dial back its economic stimulus program just yet. In a surprise move, the Central Bank announced today it plans to continue buying billions of dollars of bonds to hold down interest rates.

Fed Chairman Ben Bernanke said it’s because the economic outlook has dimmed in recent months. We will have more on the Fed’s decision later in the program. The Fed’s announcement sent Wall Street on a buying binge.