In the latest installment in his series of reports making sense of financial news, Paul Solman explains how interest rates are set, with a little help from economic country musician Merle Hazard.
Acknowledging that the economy has continued to deteriorate, the Federal Reserve signaled Wednesday that it will continue to use unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite "some time."…
By PBS NewsHour
The Federal Reserve cut interest rates by half a point Tuesday, causing major gains in the stock market. Financial analysts discuss the move and what it means for the U.S. economy.
The Federal Reserve said it would inject $38 billion into the banking system in response to the stock market's volatility, and central banks globally may take similar action. A former Federal Reserve governor and a Bush administration economic adviser explain…
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