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Two hours after China's announcement, the Federal Reserve, along with five other central banks, released a plan to lower the interest rate on the U.S. dollar for struggling European countries seeking loans, in a move to stabilize the global economy. U.S. and Chinese parties claim the timing of both announcements was coincidental.
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Kyle A. Richardson
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Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.
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