UPDATE 1-Fed seeks approval to pay interest on reserves - Reuters

Story date: 2008-05-07 07:45:00
Added on: 2008-05-08 03:23:44

WASHINGTON, May 7 (Reuters) - The U.S. Federal Reserve has begun talks with Congress about starting to pay interest on commercial bank reserves this year, a move that would help the central bank thaw frozen credit markets, a person familiar with the ...


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