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The tax, vat and accounting Blog

Archive for February 6th, 2010

The Federal Reserve is not kidding when they say that they are going to do everything within their power to help the economy recover and stabilize pricing.

As stated in the Wednesday March 18, 2009 edition of the NY Times:

WASHINGTON ” Saying that the recession continues to deepen, the Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the mortgage market and longer-term Treasury securities in order to revive the economy.

This comes as sign of confidence that the recession we have all found ourselves in has fewer days than many people predicted. So long as the Fed keeps this aggressive determination toward fixing the credit markets.

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