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Federal Reserve Announces Third Round of Quantitative Easing


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As expected, the Federal Reserve launched new measures Thursday aimed at jolting the sluggish U.S. economy. The program is designed to keep interest rates at record lows for the next two and a-half years, stimulate borrowing and spur hiring. But as Mil Arcega reports, Federal Reserve chairman Ben Bernanke says it's not a panacea for everything that ails the U.S. economy.

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