Fed beats expectations with $600bn QE2
The Federal Reserve will pump $600bn (£373bn) into the US economy by the end of June next year to try and boost the fragile recovery.
This stimulus, which equates to $75bn a month, is slightly higher than economists had expected. It has been called QE2, after the Fed pumped $1.75trn into the economy during the downturn in its first...
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