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In another attempt to lift the economy out of a deepening recession, the U.S Federal Reserve Bank cut its key interest rate Tuesday by a drastic 3/4 of one percent. Top officials of the U.S. Federal Reserve pushed the benchmark rate to a record low (a range of between zero and 0.25 percent), the te...
WASHINGTON -- Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term Thursday, but only by the closest vote ever for the crucial post and after withering criticism from lawmakers for bailing out Wall Street while other Americans suffered in recession.
Fri, Jan 29 | from U.S. News & World Report