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Fed moves to drain some money out of economy
Quick ReadFed fine-tunes strategy for draining money out of US economy, includes reverse repo agreements
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WASHINGTON (AP) — The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.
The Federal Reserve Bank of New York said Monday that investors and others shouldn't conclude anything about when the central bank will reverse course and start boosting interest rates and removing other supports...
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