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Fed Chair Promises "Substantive Additional Action" on Behalf of Economy

The headlines read " Chairman Bernanke Says Fed Ready to Cut Interest Rates as Needed." Well, not exactly. What Federal Reserve Chairman Ben Bernanke actually said, in remarks on Thursday was "We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance...

Posted to MND NewsWire (Weblog) by Glenn Setzer on Thu, Jan 10 2008

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