Fed to buy corporate debt to unfreeze lending

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Fed to buy corporate debt to unfreeze lending

The Federal Reserve announced Tuesday it will start buying up corporate debt in attempt to jumpstart the markets and boost lending to businesses. Fed Chairman Ben Bernanke said this measure is necessary

News 12 Staff

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Oct 7, 2008, 7:46 PM

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Updated

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58°

Local

Crime

Weather

Politics

Fed to buy corporate debt to unfreeze lending

The Federal Reserve announced Tuesday it will start buying up corporate debt in attempt to jumpstart the markets and boost lending to businesses. Fed Chairman Ben Bernanke said this measure is necessary

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