Under chairman Ben Bernanke the Fed lowered a key rate to nearly zero.
(Reuters/ File)
Latest cut takes key rate as low as it goes
Fed promises to use other methods to get credit moving again
Under chairman Ben Bernanke the Fed lowered a key rate to nearly zero.
(Reuters/ File)
The Federal Reserve, after slashing its key interest rate almost to zero, said yesterday it will now pursue unconventional actions that one economist called the "moral equivalent of printing money" to try to stop a quickening economic slide. (Full article: 708 words)
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