" The Fed action brought down the federal funds rate _ which banks charge each other for overnight lending _ to 2 ... That's 3 percentage points below where it stood last September, reflecting the Fed's aggressive action to make borrowing cheaper ...

By JEANNINE AVERSA, THE ASSOCIATED PRESS WASHINGTON Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy. Fed Chairman Ben ...

By cutting its federal funds rate, an overnight rate that banks charge each other, the Fed seeks to make it cheaper for banks and consumers to borrow and thus stimulate economic activity ... The Fed's action Tuesday included a three-quarters ...

economy suggests that growth has stalled and may even contract in the first half of this year, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday, sending a strong signal that a recession may have arrived ... The Fed chairman expects ...

The discount rate is separate from the federal funds rate, the Fed's main tool for influencing the broader economy ... Last week, as rumors circulated through the financial community that Bear Stearns was strapped for cash, a classic "run on the bank" ...

The latest Fed move brought the federal funds rate -- the interest that banks charge each other -- down to 2 ... The three rate cuts over the course of two months represent the most aggressive Fed credit easing since mid- 1982, when the Paul ...

By Sue Kirchhoff WASHINGTON -- Federal Reserve Chairman Ben Bernanke said Tuesday that the deepening U ... 25% from about 8%, the Fed ...

the Federal Reserve's Open Market Committee Tuesday cut short-term interests by an additional three-quarters of a point, to 2 ... "The Fed probably did the safe thing _ giving the financial market most of what it wanted but not all that it ...

Supporters are heartened the Fed is moving ahead because they think the Fed might be able to finalize action before Congress does. (c) 2007 Oakland ...

With inflation on the rise, the Fed, which has reduced the target federal funds rate three times since the summer, might feel less inclined to lower rates again ... With only a week left until Christmas, sales data has suggested tepid spending by ...

By The Associated Press WASHINGTON (AP) - The Federal Reserve is primed to aggressively cut a key interest rate even lower today, racing to contain spreading financial fires that threaten an economic meltdown. President Bush declared "we're ...

While the Fed lends to banks through its so-called discount window, banks have been reluctant to borrow from the Fed for fear of it being seen as a sign that they are having financial trouble ... But a senior Fed official who on Wednesday ...

By MADLEN READ By Madlen Read The Associated Press NEW YORK A jittery Wall Street advanced Monday, reversing some of Friday's sharp losses as investors took a dismal new home sales report as a sign the Federal Reserve will lower ...

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Federal Reserve, Bank of England, Bank of Canada and Swiss National Bank -- would seek to reduce elevated pressures in credit markets, said the ECB, responsible for monetary policy covering the 13 member countries of the eurozone. The ECB will ...