Make a Comment • Email Link • Send Letter to Editor IPFS News Link • Federal Reserve Fed drops interest rate below rate of inflation 1-30-2008 • AP The Federal Reserve cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible. The Fed action pushed the funds rate to 3%. Watch Streaming Broadcast Live: LRN.fm Watch live shows and archives TV Live Chat Telegram Share this page with your friends on your favorite social network: