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IPFS News Link • Economy - Economics USA

Fed adds $17 bln to US banking system to ease credit woes

8-16-2007 • AFP

The Federal Reserve flexed its financial muscle again, injecting $17 billion dollars into the US banking system to ease a credit crunch triggered by fears over the ailing mortgage market. Has pumped a total $88 billion dollars into the financial mark

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Reported By Powell Gammill

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