Fed to launch QE3 by buying mortgage securities
$40 bln of MBS per-month, will do more unless job market strengthens
WASHINGTON (MarketWatch) — The Federal Reserve, worried that improvement in the unemployment rate has stalled, announced a third, large purchase of bonds on Thursday in an effort to bring down long-term interest rates and spur growth.

The Fed said it would buy mortgage-backed securities at a pace of $40 billion per month.
http://www.marketwatch.com/story/fed-to-launc...atest_news