MoneyRates Blog
The Fed Goes to the Mat
December 16, 2008
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The Federal Reserve delivered another strong shot of adrenaline to the sagging U.S. economy by reducing the federal funds rate to an all-time low of 0.25%. The benchmark rate used by banks for lending is likely to stay low for quite a while according to the language in the released statement from the policy-making committee. [...]
Posted in Wachovia Bank| economic outlook| economics| fed funds rate| federal reserve| unemployment | 0 Comments
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Bernanke Pitches Fiscal Stimulus to Congress
October 21, 2008
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
Federal Reserve Chairman, Ben Bernanke, testified in front of Congress this week and advocated a second round of fiscal stimulus in an effort to prevent a long period of economic slowdown. Bernanke, who would be typically be centering his talking points on inflation, interest rates, and monetary policy told Congressional legislators that a new fiscal [...]
Posted in bernanke| debit cards| economics| federal reserve| monetary policy| stimulus package | 1 Comment
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