Entries from Gothamist tagged with 'globaleconomy'
January 22, 2008
Photograph of Federal Reserve Chairman Ben Bernanke pausing during testimony last week by Dennis Cook/AP After an ugly Monday in global financial markets while the U.S. markets were closed and Asian stock markets plunging today, the Federal Reserve lowered the interest rate by 0.75% in an "emergency move for the first time since 2001." From the Fed's press release:The Committee took this action in view of a weakening of the economic outlook and increasing......
Continue Reading "Fed Cuts Interest Rate by 0.75%, Following More Global Stock Tumult"
