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Published: January 14, 2009
Fed chairman says stimulus alone won’t rescue economy
LONDON — A mammoth stimulus package being crafted by President-elect Barack Obama could give the economy a much-needed lift, but other steps must be taken to bolster the wobbly financial system and for any recovery to stick, Federal Reserve Chairman Ben Bernanke said Tuesday.
Specifically, Bernanke suggested the government inject more money into the banking system.
The chairman also offered options to...
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