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Federal Reserve Rate Cut
2008-12-18T07:00:02-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvYjQ5XC8yODI5NDctMDItbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Neil Irwin talked about the impact on consumers of the Federal Reserve’s rate cut on Tuesday, which is the lowest level in history. The reduction in the federal funds rate -- the rate paid by banks to other banks for overnight loans - is from 1 percent to a range of 0 to 0.25 percent. The Federal Reserve Board indicated the rate will stay low for some time and said it would consider purchasing mortgage-backed securities and long-term Treasury bonds to help spur the economy. Mr. Irwin responded to telephone calls and electronic mail.
Neil Irwin talked about the impact on consumers of the Federal Reserve’s rate cut on Tuesday, which is the lowest level in history. The redu…
read more
Neil Irwin talked about the impact on consumers of the Federal Reserve’s rate cut on Tuesday, which is the lowest level in history. The reduction in the federal funds rate -- the rate paid by banks to other banks for overnight loans - is from 1 percent to a range of 0 to 0.25 percent. The Federal Reserve Board indicated the rate will stay low for some time and said it would consider purchasing mortgage-backed securities and long-term Treasury bonds to help spur the economy. Mr. Irwin responded to telephone calls and electronic mail. close
Neil Irwin talked about the impact on consumers of the Federal Reserve’s rate cut on Tuesday, which is the lowest level in history. The redu… read more
Neil Irwin talked about the impact on consumers of the Federal Reserve’s rate cut on Tuesday, which is the lowest level in history. The reduction in the federal funds rate -- the rate paid by banks to other banks for overnight loans - is from 1 percent to a range of 0 to 0.25 percent. The Federal Reserve Board indicated the rate will stay low for some time and said it would consider purchasing mortgage-backed securities and long-term Treasury bonds to help spur the economy. Mr. Irwin responded to telephone calls and electronic mail. close
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