This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Fed's Moves To Aid Economy Since Financial Crisis

â¿¿Oct. 15, 2010: Bernanke signals the Fed will buy more government bonds to boost the economy, drive down unemployment and protect against deflation.

â¿¿ Nov. 3, 2010: The Fed announces it will buy $600 billion more in Treasury bonds to try to hold down longer-term rates.

â¿¿ June 22, 2011: The Fed confirms it will complete its purchases of $600 billion in Treasury bonds by the end of the month. The purchases were intended to drive down rates on mortgages and other debt.

â¿¿ Aug. 9, 2011: It says it plans to keep its benchmark short-term rate at nearly zero until mid-2013. It's the first time the Fed has set a target for keeping the rate at that level for a specific period. The date reflects its assessment that the economy will remain weak.

â¿¿ Sept. 21, 2011: Through a program called Operation Twist, the Fed says it will sell $400 billion of its shorter-term securities to buy longer-term holdings to try to lower Treasury yields further. The Fed also says it will reinvest its holdings of mortgage-backed securities, which could help keep mortgage rates at super-low levels.

â¿¿ Jan. 25, 2012: The Fed says it's unlikely to raise interest rates until late 2014 at the earliest, extending a period of record-low rates by at least a year and a half.

â¿¿ June 20, 2012: The central bank says it's extending Operation Twist through the end of 2012. And it says it's prepared to act further if the economy deteriorates.

â¿¿ Sept. 13, 2012: The Fed says it will spend $40 billion a month to buy mortgage bonds for as long as it deems necessary to make home buying more affordable. It plans to keep short-term interest rates at record lows through mid-2015. And it's ready to try other stimulative measures if hiring doesn't pick up.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,144.75 -27.93 -0.16%
S&P 500 1,990.53 -3.76 -0.19%
NASDAQ 4,522.1490 -5.54 -0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs