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Friday, November 10, 2006

Fed Bernake Text

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Fed's Bernanke's text says Fed is still looking at the monetary
aggregates despite measurement problems. This speech is a history lesson and is not really about current Fed policy. It is titled "History of Monetary Aggregates at the Federal Reserve" and it is being presented via satellite (Bernanke remains in Wash. D.C.) to the European Central
Bank Conference in Frankfurt, Germany. There will be a "controlled Q&A" later.

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