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Released: January 09, 2012
FED FOCUS-Fed treads new path with US housing push
Source: Mark Felsenthal, Reuters
Jan 9 (Reuters) - The Federal Reserve has launched a potentially controversial push to revive the battered U.S. housing market, calling on other government officials to act after largely exhausting its own tools to support the fragile economic recovery.
After the Fed slashed interest rates to near zero more than three years ago and amassed $2.3 trillion in bonds to spur growth, the U.S. economy showed some momentum toward the end of 2011. But many analysts are doubtful the recovery will achieve take-off velocity in 2012 and housing is one of the biggest drags.
Read Full Article: FED FOCUS-Fed treads new path with US housing push
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