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2007-2009 financial crisis
Update news 2007-2009 financial crisis
Fed's new rate-hike tools passed key test, Fischer says
New financial tools meant to help the Federal Reserve pull off its historic interest rate hike last month have worked, easing some internal concerns at the U.S. central bank,
Fed raises interest rates, citing ongoing U.S. recovery
The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signalling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.
