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Fed's Bernanke Rigorously Defends QE3

U.S. Federal Reserve Chairman Ben Bernanke Monday robustly defended the bank's unconventional program to stimulate the U.S. economy, quantitative easing.
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US Mortgage Applications In Most Recent Week

Applications for U.S. home mortgages rose last week as interest rates dropped to record lows in the wake of the Federal Reserve's latest stimulus efforts, data from an industry group showed on Wednesday.

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