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The Fed's Trillion

The financial crisis can be charted through the unprecedented interventions of the Federal Reserve, which have stretched the agency well beyond its traditional role as a safety net for commercial banks. The Fed's emergency programs dwarf all the other governmental responses to the financial crisis, reaching a total of almost $1.2 trillion in spending and loans as of Wednesday.


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Bernanke's Outlook a Bit Brighter
Article | The U.S. economy seems to be contracting at a slower rate than it was a few months ago, Federal Reserve Chairman Ben S. Bernanke told lawmakers yesterday, delivering a message of optimism that was tempered by his forecast that the economy could perform well below its potential for some time to come.
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Major Banks Get Stress Test Results Today
Article | Regulators plan to brief the nation's largest banks today on the final results of federal tests to determine whether the companies have sufficient reserves to weather the recession, with a public announcement scheduled for Thursday afternoon.

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