The article illustrates how the Federal Reserve is dealing with the economy. Even though the unemployment rate has gone down, other factors still play a role in fixing the economy. They are going to try to stabilize price by reinvesting principal payments in holdings of agency debt and agency mortgage and so on.
The Federal Reserve and four other central banks announced that they will be extending the program that keeps borrowing costs cheap for foreign banks that want to deal in United States dollars.This is to try to lower the cost of shprt term borrowing.This program was only supposed to be extended to February 2013 but got extended to February 2014.This was worked out with many European central banks.The bank of Japan is still deciding if they are extending the program as well.
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