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Friday, May 4, 2012 - 13:48

Federal Reserve State of Play - By Steve Beckner - May 4

When Federal Reserve Chairman Ben Bernanke said on April 25 that the Federal Open Market Committee is prepared to do more asset purchases if necessary in his post-FOMC press conference, he may have sounded somewhat less assertive than he did in his January press conference. Certainly he wasn't promising a third round of quantitative easing. But his words should not be taken lightly. Hi