The [Fed's announcement](http://www.pbs.org/newshour/rundown/2010/11/fed-slow-growth-disappointing-will-engage-in-second-round-of-quantitiative-easing.html) of another round of so-called "quantitative easing" (QE2) is much in the news. Basically, it's an announced commitment to create $600 billion dollars or more of new "Federal reserves" - i.e., U.S. dollars - and [pump them…
By Elizabeth Shell
More central banks across the world cut interest rates Thursday, hoping to quash a global economic slump that is spreading faster than policymakers had anticipated.
By Admin and PBS NewsHour
Support Provided By: Learn more