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Friday, March 14, 2008

Fed: "Will continue to provide liquidity as necessary"

by Calculated Risk on 3/14/2008 11:22:00 AM

From the Federal Reserve:

The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system. The Board voted unanimously to approve the arrangement announced by JPMorgan Chase and Bear Stearns this morning.
Another day, another Fed statement.