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The Federal Reserve Board announced on August 17, 2005, the issuance of a final decision and order of prohibition against Walter C. In "Deflating the Deflation Myth" (June 30th issue) you left out the most important point: There is no authorization for a Federal Reserve Board in the Constitution. Seeking to restore investor confidence in overseas markets and ward off a credit crunch at home, the Federal Reserve Board voted Tuesday for its first interest-rate cut in nearly three years. |
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