Banking Latest News: No Swaps With Foreign Central Banks in Latest Week

Wochit 0:44 mins

The New York Fed said that The Federal Reserve provided no liquidity to foreign central banks in the latest week. Stocks rose after comments by the Federal Reserve chairman, Ben S. Bernanke, indicated the central bank was unlikely to scale back its stimulus measures earlier than expected. The Federal Reserve?s economic stimulus campaign, backed by the Fed?s chairman and his allies, is facing increased internal opposition from officials who want to terminate the campaign by the end of the year

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