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Essay text:
This ensures the security and reliability of the nation’s banking and financial system and protects the credit rights of consumers.
According to the article published by The Associated Press on December 12, 2006, Fed holds interest rates steady – good cheer for shoppers though Wall Street ready for a cut. Fed chairman Ben Bernanke and his colleagues agreed to leave the interest rates steady at 5.25%. This is the fourth straight meeting without a change to national interest rates. That meant leaving the bank’s prime rate steady at 8.25% gives borrowers an incentive break until the upcoming summer...
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