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China Surprises With First Rate Rise Since 2007

The central bank said it would raise benchmark one-year deposit and lending rates by 25 basis points each, a move that reflects its concern about rising domestic asset prices and inflation.

 

Bernanke Argues for Fed to Keep Its Bank Oversight

Ben S. Bernanke argued that information gleaned from the banking oversight process helps the central bank guide the economy.

 

Fed Debates New Role: Bubble Fighter

Fed Debates New Role: Bubble Fighter

As markets boom, Fed officials and central bank researchers are looking for ways to keep housing and credit bubbles from happening in the first place.

 

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