Tuesday, April 08, 2008

Fed Worried About Recession

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.

read more | digg story

No comments:

1-7-2026

President White House Launches New Website to Defend 'Patriotic Americans' Involved in Jan. 6 Capitol Riot | The White House claims ...