Fed Pushes Into ‘Uncharted Territory’ With Record Assets

Federal Reserve Chairman Ben S. Bernanke’s unprecedented bond buying pushed the Fed’s balance sheet to a record $3 trillion as he shows no sign of softening his effort to bring down 7.8 percent unemployment. The Fed is purchasing $85 billion of securities every month, using the full force of its…

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Fed Pushes Into ‘Uncharted Territory’ With Record Assets