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Bernanke & Co. is Locked and Loaded

Club for Growth found this 12/17/2008 on kudlowsmoneypolitics.blogspot.com

In a monetary version of shock-and-awe, the Federal Reserve unleashed a massive easing move with its FOMC policy announcement Tuesday -- one that represents a sea change in central-bank operations. For starters, Bernanke & Co. established a new target range for the federal funds rate of ...