Fed to buy Treasuries

The Federal Open Market Committee said on Thursday that it will buy up to $300 billion in Treasuries and an additional $750 billion of agency mortgage-backed securities. It will also invest an additional $100 billion in agency debt.

The committee said it would buy up to $300 billion of longer-term Treasury securities over the next six months to help improve conditions in private credit markets.

The Open Market Trading Desk at the New York Fed will handle the purchases. The New York Fed said th

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