Bernanke in Action
by Guinandra Jatikusumo
The U.S. Federal Reserve in action: Chairman Bernanke announced hours ago that the Fed will be buying $40 billion of mortgage-backed securities every month until U.S.’ lofty unemployment rate declines to a desired level. The quantitative easing announcement led to an overnight increase in the Dow Jones Industrial Average by 1.5%, “its highest level since December 2007.”
Did not know this happened as you overslept yesterday? I would recommend joining the group consisted of people who missed the chance to buy low and sell high!