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January 26, 2012

Fed Preserves Low Interest Rate, Predicts Slow Recovery 
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The Federal Reserve says it will keep short-term interest rates near
zero until late 2014, signaling that a full economic recovery may take
years. The near-zero interest policy, designed to encourage borrowing,
began in 2008. The Fed says the economy had expanded “moderately” in
recent weeks, but cited continuing problems with job scarcity and the
housing sector.



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