Wednesday, December 17, 2008

Geez, I Was Just Kidding

In late October the Fed cut their funds rate, the rate that banks charge each other, to 1%. So I sarcastically said, "Well what's next? Are they going to cut it to zero?" Umm, yep.

In a historic move: Central bank reduces the federal funds rate to a range of zero to 0.25%.

And if that doesn't work?

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