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Fed ramps up aid to economy with $400 billion stimulus

WASHINGTON (Reuters) – The Federal Reserve on Wednesday dialed up its aid to the beleaguered U.S. economy, launching an effort to put more downward pressure on long-term interest rates over time and help the battered housing sector. The Fed said it would launch a new $400 billion program that will tilt its $2.85…

Durbin: Republicans are trying to manipulate the Fed

Sen. Dick Durbin (D-IL) was one of several individuals not happy with House and Senate GOP leaders sending a letter to urge Fed chairman Ben Bernanke not to provide the economy more monetary stimulus. And the Illinois politician expressed his anger Wednesday morning on MSNBC, calling Republicans’ actions “outrageous.” When…

Durbin: Republicans are trying to manipulate the Fed

Sen. Dick Durbin (D-IL) was one of several individuals not happy with House and Senate GOP leaders sending a letter to urge Fed chairman Ben Bernanke not to provide the economy more monetary stimulus. And the Illinois politician expressed his anger Wednesday morning on MSNBC, calling Republicans’ actions “outrageous.” When…

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