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Pimco’s Crescenzi Says Fed May Explain Low-Rate Pledge

U.S. Federal Reserve Chairman Ben S. Bernanke may explain the central bank’s low interest-rate pledge this week, Tony Crescenzi, executive vice president and strategist at Pacific Investment Management Co., said in a Bloomberg Television interview.

Bernanke is scheduled to speak at the Fed’s annual symposium in Jackson Hole, Wyoming on Aug. 26. The Fed doesn’t

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