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Fed Releases Plan for Ending Stimulus Spending

US Federal Reserve [1] Chair Ben Bernanke presented a high-level plan for how the Fed will reign in stimulus spending once the policy makers are sure the recovery can sustain the withdrawal. The first move is expected to consist of an increase in interest rates to tighten credit although Bernanke took pains to assure the House committee members that it would be several months at least before any changes are implemented.

Source: Associated Press [2]

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Scott Boyd

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