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US Central Bank to Continue Direct Boost to Economy

The U.S. central bank is going to continue to try to boost the American economy through stimulative measures, saying it needs more evidence the world's largest economy is improving before cutting back on direct support of it. The Federal Reserve said Wednesday it would continue to buy $85 billion worth of securities a month to pump more money into the American economy and keep a benchmark interest rate near zero percent. It is an effort the Fed started more than a year ago, but one that ...

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