Fed Fires $600 Billion Stimulus Shot

The Wall Street Journal, Thursday, November 4, 2010 (Front Page), by Jon Hilsenrath:

“The Federal Reserve, in a dramatic effort to rev up a ‘disappointingly slow’ economic recovery, said it will buy $600 billion of U.S. government bonds over the next eight months to drive down interest rates and encourage more borrowing and growth.

Many ¬†outside the Fed, and some inside, see the move as a Hail Mary pass by Fed Chairman Ben Bernanke.”

For information about the idiom Hail Mary, see the Jean Henry Blog list and open the one that highlights this last minute maneuver in football,  or go to http://www.sportsidioms.com.

The title of the piece, “Fed Fires $600 Billion Stimulus Shot”, has an idiom/metaphor, but I am not sure whether firing a shot is a military derivation or a hunting/shooting one.


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