US Fed likely to reduce borrowing costs
China Daily | Updated: 2011-09-22 07:57
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Ben S. Bernanke, chairman of the US Federal Reserve. The US central bank appears likely to try to push long-term borrowing costs lower. Craig Lassig / Bloomberg |
WASHINGTON - The Federal Reserve on Wednesday looked set to launch a fresh effort to invigorate the faltering US recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.
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