All posts tagged "Agency Bonds"

Sen. Dick Durbin (D-IL) was one of several individuals not happy with House and Senate GOP leaders sending a letter to urge Fed chairman Ben Bernanke not to provide the economy more monetary stimulus. And the Illinois politician expressed his anger Wednesday morning on MSNBC, calling Republicans' actions "outrageous."

WASHINGTON (Reuters) - The Federal Reserve on Wednesday dialed up its aid to the beleaguered U.S. economy, launching an effort to put more downward pressure on long-term interest rates over time and help the battered housing sector.