Fed cuts rates, again, this time by a half-point, dropping its short-term interest rate to 3% for a total of a 1.25% cut in eight days.
The Federal Reserve announced Tuesday morning the biggest one-day reduction of interest rates on record, by three-quarters of a percentage point to 3.5 percent. I read the news with great interest, having just digested a lengthy article on Ben Bernanke, the chair of the Fed as of 2005, in the Sunday NYT. I learned three [...]
Yvonne Yen Liu is a nerd for the racial justice movement. She lives in Oakland, California. You can write to her at yvonnegrapher at gmail dot com.
Yvonne Yen Liu is a nerd for the racial justice movement. She lives in Oakland, California. You can write to her at yvonnegrapher at gmail dot com.