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01-08-2008, 10:24 PM #1
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Too Little, Too Late for Bernanke’s Fed
Too Little, Too Late for Bernanke’s Fed
Tuesday, Jan. 8, 2008 3:51 p.m. EST
Since the credit market crisis erupted violently in August, the Federal Reserve has taken multiple steps to thaw out the frozen lending environment and keep the economy out of recession.
But experts say its too little, too late. The Fed just doesn’t have the tools at its disposal to prevent an economic downturn.
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