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The Fed's $600 Billion Statement, Translated Into Plain English : Planet Money : NPR

The Federal Reserve is about to create $600 billion out of thin air. It's a huge,  experimental stimulus program that will affect stock markets and government policies around the world.

But the Fed announced its plan in a statement written largely in jargon and code. So here, from Planet Money and Slate, is today's statement, translated into plain English.