This is the VOA Special English Economics Report.

The Federal Reserve calls America's economic recovery "disappointingly slow." So the Federal Reserve decided Wednesday to add six hundred billion dollars to the financial system by the middle of next year. To do this, the central bank will buy Treasury securities from dealers.

The action is known as quantitative easing. The goal is to reduce long-term interest rates. The hope is to create conditions where businesses will invest more and people will spend more.