Archive for March 19th, 2008
Fed tries to shake stubborn rates with cut
Sam Zuckerman, SF Chronicle Staff Writer
Wednesday, March 19, 2008
Chairman Ben Bernanke and his fellow Fed policymakers approved an unusually large 0.75 percentage point cut in the federal funds rate, which serves as a benchmark for short-term loans such as adjustable-rate mortgages. The move followed a series of unprecedented [...]
Filed under: Blogroll, business, economy, news, politics, society | 1 Comment
Tags: Central Bank, economy, federal funds rate, Federal Reserve, financial markets, interest rates, meltdown, Wall Street
