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WASHINGTON, DC-Citing a worrisome rate of growth in the economy and job markets, the Federal Reserve has announced a new series of measures aimed at jumpstarting activity. These include first, a plan to purchase $400 billion in long-term Treasury securities, and second, a measure in which it will reinvest the proceeds of its investments in mortgage-backed securities instead of in Treasuries. It will fund the $400 billion long-term Treasury security plan with proceeds from sales of its short-term government debt–that is, securities that have maturities of less than three years.

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