Note: This post was originally published on Weds., Nov. 3.
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.
You can click on each sentence below to see our translation line by line. Or click "convert all" to translate the entire statement.
This post was created with Plain English, a tool created by Slate's Jeremy Singer-Vine.
For more: Read our translation of the Fed's September statement.