The Federal Reserve cut the federal funds rate, the interest banks charge on overnight loans, down to 1%. So what if that doesn't help? Can they cut it to zero?
2 hours ago
Wednesday, October 29, 2008
How Low Can You Go?
The Federal Reserve cut the federal funds rate, the interest banks charge on overnight loans, down to 1%. So what if that doesn't help? Can they cut it to zero?
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