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Bernanke: Fed eased to "get out ahead" of crisis

Story date: 2007-09-20 01:44:00
Added on: 2007-09-20 19:00:21


CNBC - As the Federal Reserve lowered interest rates to one percent and then raised them gradually, mortgage rates did not respond very much to those short-term rates. They were in fact primarily determined by the long-term rates determined in ...


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