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Reuters: Bernanke: full effect of rate cuts yet to be felt

Started by chris, April 03, 2008, 08:01:04 PM

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chris

Bernanke: full effect of rate cuts yet to be felt
      


WASHINGTON (Reuters) - The full benefit of recent Federal Reserve interest rate cuts has not yet been felt, Fed Chairman Ben Bernanke said on Thursday, nodding to a policy lag that may reduce the need for many more rate moves ahead.
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