Fed’s Duke explains link between personal finance and national economy

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Elizabeth Duke, a governor on the board of the US Federal Reserve, on Saturday delivered a speech explaining the importance of personal financial planning.

Speaking at the 2011 Virginia Beach Financial Planning Day in Virginia Beach, Virginia, Duke explained the links between the Federal Reserve System and individual financial planning.

"There is, in fact, a direct relationship between household financial stability and the stability of the US economy," said Duke. "As building blocks of the

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