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The post-meeting statement by the US central bank contained additional key acknowledgements as well, such as the 'we believe in the on-going economic recovery' mantra, and the obligatory 'tribute' to the inflation hawks within its ranks (we think this was a contentious meeting with a split voting body of hawks and doves). For example, it is understood that the Fed is considering borrowing money from money market mutual funds via reverse repos as one way to drain liquidity from the system.
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