Business this week

The Federal Reserve clarified its new bond-buying strategy, announcing that it would acquire individual corporate bonds on the secondary market. This comes on top of its purchases in exchange-traded funds, which include some junk-rated funds that track debt. But the central bank’s latest move comes almost three months after it first announced emergency measures to shore up markets. Questions have been raised about the length of time it has taken to roll out some of its programmes. See article.