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Fed vows to hold key rates low

Central bank warns joblessness could strain recovery

By JEANNINE AVERSA THE ASSOCIATED PRESS

Posted: November 5, 2009 at 5:22 a.m.

RICHARD DREW
Credit: AP
 A television screen on the floor of the New York Stock Exchange announces the Federal Reserve’s decision Wednesday to hold a key interest rate at a record low.

The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an “extended period,” in a sign that the economy is growing but remains deeply dependent on government help.

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Business, Pages 25 on 11/05/2009

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