Federal Reserve Concerned About Deteriorating Economic Conditions; Makes Aggressive Move On Funds Rate

Federal Open Market Committee (FOMC)will keep the federal funds rate at " exceptionally low levels " at least through the middle of 2013.

The funds rate lies between 0 and .25%

FOMC voting members--Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen.

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