FOMC Reduces Fed Funds Rate Again, March 2008
By: Matthew Blevins, March 19th, 2008
The Federal Open Market Committee (FOMC) has again slashed interest rates, this time .75% in an attempt to restore confidence and, more to the point, assist banks and business as they attempt to recover from a credit crisis. The irony to this point is that mortgage rates and the prime rate have been plummeting along […]
