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Fed's Latest Move to East Credit Crisis
Yesterday, Federal Reserve chief Ben Bernanke called for a stimulus package from Congress. Today, the Fed announced that $500 billion will go the money-market mutual-fund industry, the latest effort to get credit flowing again. Peter Coy is economics editor for BusinessWeek magazine.
Yesterday, Federal Reserve chief Ben Bernanke called for a stimulus package from Congress. Today, the Fed announced that $500 billion will go the money-market mutual-fund industry, the latest effort to get credit flowing again. Peter Coy is economics editor for BusinessWeek magazine.
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