Thursday, December 18, 2008

Fed Cuts Interest Rate to Historic Low

RISMEDIA, Dec. 18, 2008-(MCT)-By cutting its benchmark lending rate to historic lows Tuesday and promising to combat the U.S. recession head-on and aggressively, the Federal Reserve served notice that more unconventional actions probably are ahead as it fights to reverse the nation’s economic woes.

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Source: RIS Media, by Kevin Hall, December 18, 2008