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Fed Plotting Strategy to Raise Interest Rates

The Federal Reserve is prepping ways to raise interest rates and take other measures to drain the money it pumped into the financial system in an attempt to prop up the economy. While the Fed is still a couple of months away from taking concrete action, the central bank reportedly is currently deciding which buttons to push to keep the economy in control.
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Ben Bernanke’s Federal Reserve reportedly expects such a maneuver to boost other key short-term rates, including the federal-funds rate at which banks lend to each other overnight. The Fed has lowered interest rates and printed money with the aim of getting the economy out of the worst recession since the 1930s. (Mark Wilson/Getty Images)
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