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The Fed is buying $85 billion each month in Treasuries and agency mortgages in an effort to spur hiring and lower long-term borrowing costs. The stimulus has been a major support for both bond and equity markets.
ventolin over the counter uk Twenty Senate Democrats signed a letter to Obama in July urging him to pick Yellen, and Summers unexpectedly withdrew his name from consideration on September 15, citing a potentially acrimonious Senate confirmation.