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
From Economist.com Read the complete article here:
The Fed fixes bayonets