The Fed fixes bayonets
Archived Articles 18 Dec 2008  EWR
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Interest rates are close to zero as the Fed promises more unconventional measures

Central bankers ordinarily strive to be boring. But these are not ordinary times. On Tuesday December 16th the Federal Reserve abandoned any pretence of business as usual and promised an all-out assault on the recession and the credit crunch.

Dec 16th 2008 | WASHINGTON, DC
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