Lystra
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Joined: 01 Jan 1970
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 Posted: Mon Oct 06, 2008 7:39 pm Post subject: Fed to boost auctions, pay interest on reserves |
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WASHINGTON (Reuters) - The Federal Reserve on Monday announced a series of steps to funnel massive amounts of liquidity through clogged credit markets, including boosting the sizes of cash auctions and offering banks interest on reserves.
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