Fed slashes rate near zero

7 votes
Recommend

In a bid to get the economy back on track the Federal Reserve slashed its key interest rate to almost zero. Policymakers made other bold steps, including plans to purchase assets in the market in order to raise prices and lower yields, which should lower borrowing costs for corporations and prospective mortgage holders. The key Fed Funds rate now sits at its lowest point since 1954. Conway Gittens reports from New York. Featured Speaker: Fred Dickson, chief market strategist, D.A. Davidson

Tags: economy, Federal Reserve, interest rate

China eyes fewer car, steel players

China wants to consolidate its steel and car industries, calling on key firms to take dominant...
» view video

Business Update: Asian stocks surge

Asian shares jump on U.S. plan to clear $1 trillion of banks' toxic assets. * Asian markets...
» view video

Business Update: Jobless record

The number of Americans receiving unemployment benefits hit another record, but there are signs new...
» view video

The Fed's big fix

The Federal Reserve is using every weapon in its arsenal to battle the recession. The markets...
» view video

Generic drug industry outlook

Director of Generics at Thomson Scientific Kate Kuhrt provides insight on the landscape of generic...
» view video

» browse all category videos

Video categories

» Home	» Specials	» World
» Business	» Technology	» U.S.
» Science	» Health	» Movie Reviews
» Movies	» Music	» People
» Sports	» Gadgets	» Video Games

SHARE THE VIDEO:

		Del.icio.us			Digg			Stumble Upon
		Facebook			Newsvine			Mixx

» E-mail To A Friend

Photos Gallery