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Cheap money provides lift.
May 22, 2013
By: TOM BRANNA
Editor
Let the good times roll! The US economy is on stronger footing than a year ago, but Ben Bernanke wants to be careful not to squelch the recovery now. “A premature tightening of monetary policy could lead interest rates to rise temporarily, but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further,” the Federal Reserve chairman told the U.S. congressional Joint Economic Committee today. The Federal Reserve has kept its k...
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