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Fed to Reveal Its Strategy for Raising Interest Rates

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"The main question is when and how the Fed should start raising short-term interest rates, which have been at a record low for more than a year," the New York Times says about Fed Chairman Ben Bernanke's statement on monetary policy to be released Wednesday. "As a policy tool, Mr. Bernanke is expected to consider a little-known mechanism — referred to as the interest rate on excess reserves — that gives the Fed leverage over $1.1 trillion in bank deposits."
SOURCE:   New York Times

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