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Speaking at the 10th Anniversary of Luxembourg's Central Bank in Luxembourg, U.S. Vice-Chairman Donald Kohn (voter) said that although financial markets remain impaired, albeit improved, the main challenge will be restoring economic growth. "Although we have seen signs of improvement, financial...
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The Federal Reserve announced last night that it had set up currency swap agreements with the Danish, Australian, Norwegian and Swedish central banks, worth up to $30 billion. "These facilities, like those already in place with other central banks, are designed to improve liquidity conditions in...