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Fed Sees Recession Lingering Through '09

By Harry Kimball, Newser Staff

Posted Jan 6, 2009 4:09 PM CST

(Newser) – The Federal Reserve anticipates the recession will continue through 2009 despite its recent rate slash and other planned “nontraditional policies,” the Wall Street Journal reports. Minutes of the Fed's December 15-16 meeting, at which it cut rates to nearly zero, indicate a deep... Read full story »

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Fed Sees Recession Lingering Through '09

inflation • Federal Reserve • recession • deflation • interest rate • Federal Open Market Committee • interest rate cut • economic downturn

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More Newser Stories

Fed Remains Open to More Rate Cuts

Minutes from last meeting display growing concern about markets

Kiss Cheap Credit Goodbye

For those who can't remember 1981, rates are headed up

2008 Inflation Slowest in 50 Years on Oil Prices, Economy

Slow spending, sliding energy costs lead to 0.1% CPI increase last year

Bank of Japan Follows Fed, Cuts Rates to Near Zero

It drops key interest rate to 0.1%

Fed Cuts Rate to 0%-0.25%

Target is record low as Reserve battles recession

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