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Archive Home > 2009 > August > 13 > Fed says recession is near an end

Fed says recession is near an end

Assessment includes plans to pull back on rescue programs

By Edmund L. Andrews / The Bulletin
August 13, 2009

WASHINGTON " Almost exactly two years after it embarked on what was the biggest financial rescue in American history, the Federal Reserve said Wednesday that the recession is ending and that it would take a step back toward normal policy.

Though the central bank stopped well short of....

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