Archive for August, 2007

Fed to the Rescue

Sunday, August 19th, 2007

Friday, August 17, 2007
Listen to the show
Fed’s action gives markets some relief
The Fed today cut the discount rate — what banks pay to borrow from the Fed — by half a percentage point. Banks use it only when they’re in a bind. Like the one they’ve been in the past couple of weeks. Jill Barshay […]

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Good News From the Fed.

Wednesday, August 8th, 2007

Text of Fed Statement
August 7, 2007 2:15 p.m.
Below is the text of the Federal Open Market Committee’s statement from its
meeting August 7, 2007.
The Federal Open Market Committee decided today to keep its target for the
federal funds rate at 5-1/4 percent.
Economic growth was moderate during the first half of the year. Financial
markets have been volatile in […]

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