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Friday, August 19, 2011

Fed to Hold Rates 'Exceptionally Low' Through Mid-2013

By Andrea Tse 08/09/11 – 10:40 AM EDT NEW YORK (TheStreet) — Oil prices were bouncing back Tuesday morning after a dramatic plunge to a year low the day before, as anxiety over a double-dip recession found some relief ahead of the Federal Reserve's

Some economists say the Federal Reserve might try to calm markets by announcing a new effort to stimulate the US economy, which is the world's largest. While Fed officials have not said what they might do, reports in the financial press speculate they

The Federal Reserve commits to maintain exceptionally low interest rates at least through mid-2013.

By CHRISTINE HAUSER Stocks fluctuated wildly on Tuesday afternoon after a Federal Reserve announcement that included no new steps to pare interest rates further or foster economic growth. Hiro Komae/Associated Press A man walks by an electric panel

The Federal Reserve was founded by Congress in 1913 as the central bank of the U.S. the function of the Fed is to conduct the nation's monetary policy and regulate our banking institutions. within the Fed is the Federal Open Market

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