November 25, 2008 / 3:09 PM / 10 years ago

Fed move aimed at boosting consumers: officials

WASHINGTON (Reuters) - Federal Reserve programs announced on Tuesday are aimed at ensuring consumers have access to credit to buy homes, cars, or other purchases, U.S. officials said on Tuesday.

High mortgage rates relative to Treasury debt securities yields are hurting the economy, the officials told reporters, speaking on condition of anonymity.

Reporting by Mark Felsenthal; Editing by Theodore d'Afflisio

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