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CENTRAL banks will have to cut interest rates aggressively to contain the market crisis, leading economists say. They predict that Friday’s surprise
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BEN BERNANKE, as chairman of the Federal Reserve, is a man of many hats. For most of his short chairmanship, he has been lucky in needing to don only
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LONDON/HONG KONG (Reuters) - Policymakers hailed on Monday the return of calm to financial markets, after the U.S. Federal Reserve cut the rate at wh
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Aug. 31 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, in his first public remarks in six weeks, said the central bank will do what's need
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Until financial markets went haywire last month, the Sept. 18 meeting of Federal Reserve policymakers was shaping up to be pretty routine. The Fed, a
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Sept. 10 (Bloomberg) -- Federal Reserve Bank of Philadelphia President Charles Plosser said that policy makers should not overemphasize the surprise
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LONDON (AP) -- The U.S. dollar hit a record low against the euro and was lower most against other major currencies in European trading Wednesday. Gol
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Between April 2003 and June 2004, $12 billion in U.S. currency—much of it belonging to the Iraqi people—was shipped from the Federal Reserve to Baghd
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Alan Greenspan, who served as Federal Reserve chairman for 18 years and was the leading Republican economist for the past three decades, levels unusu
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In a withering critique of his fellow Republicans, former Federal Reserve Chairman Alan Greenspan says in his memoir that the party to which he has b
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NEW YORK (CNNMoney.com) -- The Federal Reserve cut the target on a key short-term interest rate by half of a percentage point Tuesday to 4.75% in a b
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Swinging its sword for the sake of investors, borrowers and home builders across the country, the Federal Reserve hacked at the economy's key underl
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The dollar dropped to within touching distance of its record low against the euro Thursday as weak economic data bolstered expectations that the Fede
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NEW YORK (AP) -- Wall Street pulled back Tuesday as investors, uneasy about a drop in consumer confidence, traded cautiously ahead of the Federal Res
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