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U.s. Federal Reserve Topics

Fed officials see high unemployment for years

Unemployment is likely to stay high for a long time, two Federal Reserve officials said on Wednesday, suggesting the U.S. central bank is in no rush to raise its ultra-low interest-rate policy.

 

Federal Reserve Made $47.4 Billion in 2009

The transfer, a record sum, was the result of the central bank’s actions to support the fragile housing market.

 

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