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January 10, 2008

Fed will cut interest rates again.

WASHINGTON (AP) - Any confusion as to whether the Federal Reserve plans to cut rates further to help a struggling economy may have been cleared up today.

In prepared remarks, Fed Chairman Ben Bernanke pledged Thursday to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession. [more]

Posted by Holden Oliver (Kitzb├╝hel Desk) at January 10, 2008 08:59 PM

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