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Wonkbook: Fed takes mild action; Obama signs state aid bill; Senate considers border security bill

Thu, 08/12/2010 - 7:53am — admin
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The Fed will hold rather than gradually reduce the amount of assets it owns in order to kickstart what it views as a faltering recovery. This, in Fed lingo, is 'mild easing,' and the markets were cheered by it because it means the Fed is probably willing ...

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