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Fed Cuts Rate to 0%-0.25%

Target is record low as Reserve battles recession

By the Associated Press

Posted Dec 16, 2008 1:40 PM CST

(AP) – The Federal Reserve today cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank says it reduced the federal funds rate,... Read full story »

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Ben Bernanke • Federal Reserve • recession • interest rate • credit crisis • Fed funds rate • interest rate cut • financial crisis

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Fed Cuts Rate to 0%-0.25%

Target is record low as Reserve battles recession

Ben Bernanke • Federal Reserve • recession • interest rate • credit crisis • Fed funds rate • interest rate cut • financial crisis

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More Newser Stories

Bernanke Suggests Rate Cuts Ahead

Fed chief sees threats from employment, housing, credit

Fed Leaves Rate at Record Low

Says it wants to foster recovery

Record Low Rates Leave Investors Cold

Cut is likely tomorrow, but Wall Street wants more varied approach

Think 1% Is Low? He Could Go to Zero

Analysts predict Japan-style cuts in interest rates

Stocks Sink as Bernanke Hints at Rate Cut

After early optimistic surge, Dow falls 300 points

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