The is another first, but not as revolutionary as many actions this year. The FED tries to lower long term rates by buying bonds(usually the Fed only buys the short term Treasuries Bills). Short term interest rates can’t go much lower, they are nearly zero. So the Fed is attempted to affect the financial market at longer maturities. Click of the following to read the story:
Fed to Buy $1 Trillion in Securities to Aid Economy - NYTimes.com
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