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Did Fed Freak With Emergency Rate Cut?

Decision smacks of panic—and worse trouble yet to come

By Jane Yager, Newser Staff

Posted Jan 23, 2008 10:13 AM CST

(Newser) – Yesterday's steep interest rate cut—just a week ahead of a scheduled policy meeting—made the staid Federal Reserve come across as spooked and jumpy, leaving many to wonder if the Fed knows of worse news to come, Reuters' Ros Krasny writes. The surprise .75-point... Read full story »

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Did Fed Freak With Emergency Rate Cut?

Decision smacks of panic—and worse trouble yet to come

Ben Bernanke • Federal Reserve • financial markets • recession • Asian markets • European markets • interest rate cut

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Fed Cuts Rate to 0%-0.25%

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But admits economy could contract, possibility of recession

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