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Bernanke Hints at Hefty Interest Rate Cuts

Fed hopes to thwart troubled markets, unemployment

By Matt Cantor, Newser Staff

Posted Jan 10, 2008 1:30 PM CST

(Newser) – The Federal Reserve may make "substantive" cuts to interest rates later this month in the face of rising economic difficulties, Ben Bernanke said today. Citing troubled financial markets and rising unemployment, the Fed chairman implied that it might drop its target short-term interest rate... Read full story »

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inflation • Ben Bernanke • Federal Reserve • US economy • short term interest rate • interest rate cut

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Bernanke Hints at Hefty Interest Rate Cuts

Fed hopes to thwart troubled markets, unemployment

inflation • Ben Bernanke • Federal Reserve • US economy • short term interest rate • interest rate cut

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More Newser Stories

Bernanke Signals New Rate Cuts

Says central bank 'will act as needed' to further minimize economic risks

Inflation Spikes, Cut in Jeopardy

Fed may have hands tied, as CPI soars past expectations

Fed Cuts Key Rate by Half Point

Officials signal further cuts possible as overnight lending rate hits 3%

Fed Remains Open to More Rate Cuts

Minutes from last meeting display growing concern about markets

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