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October 6, 2008 8:52:41 PM CDT

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Stories related to: short term interest rate

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3 Stories

  • January 2008

    • Fed Cuts Key Rate by Half Point

      Wall Street Journal  |  Jan 30, 08 1:24 PM CST

      Fed Cuts Key Rate by Half Point

      (Newser) - The Federal Reserve cut a key interest rate by a half percentage point today, reports the Wall Street Journal, bringing the benchmark overnight lending rate down to 3% even as officials signaled that further cuts were possible. The widely anticipated move follows last week's emergency .75% cut to a rate that stood at 5.25% just a few months ago. More »

      Tags

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

    • Bernanke Hints at Hefty Interest Rate Cuts

      Wall Street Journal  |  Jan 10, 08 1:30 PM CST

      Bernanke Hints at Hefty Interest Rate Cuts

      (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 by .5% from 4.25%. “We stand ready to take substantive additional action as needed to support growth,” Bernanke said. More »

      Tags

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

  • August 2007

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