Fed Adds $620B to U.S. Economy
source: http://www.marketwatch.com/news/story/fed-pumps-more-dollars-global/story.aspx?guid={15C23F9...
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Fed pumps more dollars into global markets to ease strains
By Greg Robb
Last update: 10:02 a.m. EDT Sept. 29, 2008
WASHINGTON (MarketWatch) -- The Federal Reserve on Monday announced that it was providing more liquidity into global money markets to ease recent strains. The Fed said it was boosting the size of its auctions of liquidity to commercial banks and the size of its swap agreements from a number of foreign central banks to $620 billion from $290 billion.
By Greg Robb
Last update: 10:02 a.m. EDT Sept. 29, 2008
WASHINGTON (MarketWatch) -- The Federal Reserve on Monday announced that it was providing more liquidity into global money markets to ease recent strains. The Fed said it was boosting the size of its auctions of liquidity to commercial banks and the size of its swap agreements from a number of foreign central banks to $620 billion from $290 billion.
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