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Fed Assumes Powerful New Role In Financial Crisis
WASHINGTON (AP) -- Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them. ...more
October 7, 2008
Fed To Buy Massive Amounts Of Short-Term Debt
The Federal Reserve announced today a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy. ...more
October 7, 2008
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