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Home : Home Mortgage Loan : Home Purchase Loan : MSN Newsfeeds : Fed assumes powerful new role in financial crisis - Associated Press

Fed assumes powerful new role in financial crisis - Associated Press

WASHINGTON (AP) -- Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them. Now the nation's central bank is even becoming a ...
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