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Federal Reserve tries to boost flagging economy

Fed keeps interest rates at zero, pledges to buy Treasury bonds

Dean Calbreath, SAN DIEGO UNION-TRIBUNE

Tuesday, August 10, 2010

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“The Fed is not seeing the job creation it would like to see now and the economy doesn’t seem to be responding well to some of the things that have already been done,” said Kelly Cunningham, economist with National University’s Institute for Policy Research in San Diego.