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Fed Opens Cash Spigot to Overseas Credit Markets

Posted by neophyteblogger 1320 days ago, popular 1320 days ago (http://online.wsj.com)
Category: Economy | Tags: credit markets us
The Federal Reserve threw open its coffers to strained overseas credit markets, taking further steps to stem the global financial crisis.
The U.S. central bank said Monday it would provide unlimited dollars to the European Central Bank, Bank of England and Swiss National Bank, allowing them to relieve pressure on commercial banks across their regions.
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