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Fed Joins New Effort To Ease Financial Woes

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The Federal Reserve joined other major central banks Wednesday in a coordinated effort to shore up the global financial system. The move comes at a time when credit is becoming tighter, especially in Europe, because of doubts about the health of big banks.

Copyright 2011 NPR

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Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
Steve Inskeep
Steve Inskeep is a host of NPR's Morning Edition, as well as NPR's morning news podcast Up First.