Fed’s latest aggressive rate cut decision not unanimous

Fed’s latest aggressive rate cut decision not unanimous (access required)

By dmc-admin

Published: March 21, 2008 at 1:00 am

The Federal Reserve on March 18 slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession. The latest action brought the federal funds rate — the interest that banks charge each other — down to 2.25 percent, the ...

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