Markets tumble after Fed says it will buy longer-term bonds to try to boost economy
Posted in Main Blog (All Posts) on September 22nd, 2011 4:34 am by HL
Markets tumble after Fed says it will buy longer-term bonds to try to boost economy
The Federal Reserve took a dramatic step Wednesday to help revive the economy, resuming its unconventional efforts at stimulating growth nearly a year after embarking on an initiative that ultimately failed to deliver a healthy recovery.
The Fed’s latest move aims to lower interest rates on mortgages and other long-term loans without making another major infusion of money into the economy — and brushes aside a crescendo of criticism from Republicans who have been making the Fed a campaign issue.
White House remains a man’s world, some say
The facts of life in Washington:
Success is not measured in revenue earned and market share increased.
No — ideas win. To win with your idea, you need to make an argument, in front of the decision-maker. You need to be heard.
Also, you need to be seen.
Republican presidential contenders refocus efforts in Iowa
WATERLOO, Iowa — Texas Gov. Rick Perry’s late entrance into the race for president — and his quick rise to the top of the Republican field — have caused his main competitors to focus more of their efforts in Iowa to try to slow his ascent here and nationally.
Former Massachusetts governor Mitt Romney, who has spent little time and resources here, has essentially reversed his strategy. Romney’s advisers are scheduling several swings this fall, with the first likely to come within weeks. They are mobilizing a volunteer corps that supported Romney in his 2008 bid and are trying to appeal to voters who did not participate in the caucuses that year.
