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The Fed was not alone, of course.
Tells how the Fed was established by Pres.
The Fed was one, but it was the least important.
Reporting about the Fed was bit like Kremlinology.
By 2004, however, the Fed was steadily raising interest rates.
The Fed was responding to mixed signals from the economy.
But the Fed was only doing its job.
At time the Fed was gathering the data, a rumor started in markets that the Fed was worried about two Spanish banks.
Some investors concluded that the Fed was curtailing its ambitions for the recovery, while others saw evidence that the Fed was overly optimistic in its forecasts.
Last year, the Fed was promising to keep interest rates low.
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CEO of Professional Science Editing for Scientists @ prosciediting.com