Tuesday, August 07, 2007

Bernanke and The Fed Keep Rate Constant Despite Jim Cramer's Outrage

The Federal Reserve left a key interest rate unchanged on Tuesday as worries about inflation trumped concerns about turbulent financial markets.Fed Chairman Ben Bernanke and his colleagues voted unanimously to keep their target for the federal funds rate, the interest that banks charge each other, at 5.25 percent, where it has been for more than

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