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Archive Home > 2009 > January > 29 > Fed ready to try new ways to spur lending

Fed ready to try new ways to spur lending


January 29, 2009

WASHINGTON — The Federal Reserve signaled Wednesday that it stands ready to use new unconventional tools, or expand existing ones, to spur lending and consumer spending that could help lift the economy out of a painful recession.

The Fed also agreed to keep the targeted range for the....

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