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Archive Home > 2009 > November > 25 > Fed: Low rates could fuel speculative bubble

Fed: Low rates could fuel speculative bubble


November 25, 2009

WASHINGTON — The Federal Reserve doesn’t expect the recovery will be strong enough to quickly drive down the jobless rate, and it acknowledged its efforts to keep the rebound going could feed a new speculative bubble.

Record-low interest rates “could lead to excessive risk-taking in financial....

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