Even as the Fed battled in almost unprecedented fashion to stem a widening credit and housing slump, some Fed members fretted over the possibility of "prolonged and severe" business downturn. It was in that environment that they vote—with some dissent—to cut this important interest rate by three-quarters of a percentage point to 2.25 percent.
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4-17-2024
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They're saying F-U to Congress, essentially read more | digg story
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