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LATEST VIDEO
| | - FOMC Announcement: A Divided Fed
CNBC's Steve Liesman has the details from Tuesday's Federal Open Market Committee minutes, which indicate the Fed is divided when it comes to additional economic intervention.
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- Minneapolis Fed Pres on Further Accommodation
Minneapolis Fed president Narayana Kocherlakota says he would support further accommodation, reports CNBC's Steve Liesman.
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- August Consumer Confidence Down
CNBC's Rick Santelli takes a look at the consumer confidence index from August, which is down 44.5 from 59.2 in July, and CNBC's Steve Liesman shares highlights from his discussion with Chicago Fed president Charles Evans, who said the economy is moving sideways.
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- Chicago Fed Pres: Monetary Policy Criticized
Bank regulations currently in place have been a good tool to prevent a credit policy whereas monetary policy isn't the only effort to supervise banks, says Charles Evans, Federal Reserve Bank of Chicago. He says the Fed is criticized because monetary policy isn't effective enough to do anything but on the other hand it is effective enough to push oil prices to $100; with CNBC's Steve Liesman.
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- Chicago Fed: Economy in Liquidity Trap
The current economic situation is disappointing, says Charles Evans, Federal Reserve Bank of Chicago, who explains that the job market is tough to characterize as recession-like but the economy is moving sideways; with CNBC's Steve Liesman.
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