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Home / Focus / Banking & Finance March 2008 / Fed’s latest aggressive rate cut decision not unanimous (access required)

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

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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