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IPFS News Link • Economy - Economics USA

Fed Cuts Rate to Zero-0.25%, Signals Asset Buying as Next Step

12-16-08 • Bloomberg.com

The Federal Reserve cut the main U.S. interest rate to “a target range” of between zero and 0.25 percent and said it will do whatever is needed to end the longest recession in a quarter-century and revive credit.

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Reported By Jack Gregson

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Fed Cuts Rate to Zero-0.25%, Signals Asset Buying as Next Step

FreedomsPhoenix.com