fed buys government bonds

QE2, Day One: Fed Buys $7.3 Billion in Treasuries

Fed Completes First Day oThe Federal Reserve bought $7.3 billion worth of U.S. Treasuries Friday as it started a second round of quantitative easing meant to stimulate the nation's economy, media reports indicate. The plan, designed to boost job creation and prevent deflation, has been highly criticized. f QE2 Treasuries Purchases