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Fed Cuts Rate to as Low as Zero


Submitted by John on Tue, 2008-12-16 15:02.

Dec. 16 (Bloomberg) -- The Federal Reserve cut the main U.S. interest rate to as low as zero for the first time...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aafQgexzAGXk&refer=home

Announcements of new lending programs or asset purchases will now be principal signals of policy, a senior Fed official said in a conference call with reporters.

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