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Bernanke took charge as the Fed awoke in 2008 to the need for a full-on war against "global economic and financial freefall."
Bernanke took charge as the Fed awoke in 2008 to the need for a full-on war against "global economic and financial freefall."
Banks are easing credit for most types of lending; commercial and industrial loan volume is up 7.5 percent year over year.
As expected, FOMC agrees to reduce monthly bond buying by another $10 billion in unanimous decision.
Consumer spending maintained gains and business investment grew, according to the Fed's Beige Book.
Minutes from the Fed's May 1 meeting indicate that policymakers are not yet ready to rock the boat.