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Video: US Bank Cuts Key Rate to Record Low external link

YouTube | by rss@youtube.com (VOAvideo) | Wed, Dec 17

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...

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