On Thursday, the Federal Reserve announced a new round of monetary policy stimulus measures, saying it would begin juicing the economy by buying $40 billion worth of mortgage-backed assets per month. Additionally, in what constituted a huge surprise for analysts, the central bank said the latest round of stimulus spending would be open-ended — a seemingly unprecedented move that signified the Fed's commitment to buying assets until the economy shows signs of real improvement. The Fed also pledged to keep its benchmark interest rate target low into 2015, up from its previous deadline of 2014.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
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- Obama just kneecapped Jeb Bush and Chris Christie's 2016 prospects
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- How science is accelerating our search for alien life
- The dangerously childish morality of liberal ObamaCare supporters
- The Hunger Games: Mockingjay — Part 1: 10 major differences between the book and the movie
- The week's best editorial cartoons
- 10 things you need to know today: November 23, 2014
- Jonathan Gruber says voters are 'stupid.' But the real idiots are the Democrats in Congress.
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