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September 20, 2014 1:00 PM

The Fed’s gift to the rich

The latest meeting of the People Who Influence Everything from Auto Loans to 401(k) Plans – a.k.a. the Federal Reserve Board’s Open Market Committee — has just concluded. The Fed confirmed Wednesday that, as expected, it will stop buying bonds with freshly printed money in October but did not say when, exactly, it will end its recession-fighting zero-interest-rate policy.

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