Apr 03

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Federal Reserve Chairman Ben Bernanke defended Thursday his agency's decision to assist the ailing investment firm Bear Stearns, calling it a move to prevent a corporate collapse that could have reverberated through the U.S. economy.

Apr 02

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Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may continue to shrink -- signaling the possible start of a recession -- in his first testimony since the Fed approved the bailout of investment firm Bear Stearns.

Jan 22

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After many world financial markets suffered their biggest losses Monday since the Sept. 11 terrorist attacks, the Federal Reserve slashed a key interest rate by three-quarters of a percentage point on Tuesday -- its biggest cut in more than 23…

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