The Fed takes steps to bolster U.S. economy

Filed under: AM Roundup |

Worried about how Europe’s deepening debt crisis might affect the United States, the Federal Reserve took steps this week to strengthen the nation’s economy, said the Los Angeles Times.

While it has few tools – other than qualitative easing – to soften the blow, the Fed extended the program that allows investors to swap short-term bonds for longer-term investments, dubbed Operation Twist.

Read more at the Los Angeles Times.