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the fed speaks

Fed Expected to Announce Modest Boost Next Friday

Federal Reserve chairman Ben Bernanke is set to announce measures at a speech in Jackson Hole, Wyoming, next Friday aimed at shoring up growth prospects. With his hands tied, thought, it might be as little as a verbal confirmation that the Fed will hold on to its $2.8 trillion bond portfolio (up from $900 billion pre-crisis) longer than expected. [NYT]

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