Fed Looking at Another Rate Cut, While Treasury Has New Plan for Housing
Dec 8th, 2008 | By William Patalon III | Category: Financial NewsWith the benchmark Federal Funds rate already down to 1.0%, U.S. Federal Reserve Chairman Ben. S. Bernanke has only so much room for another cut (although many economists are predicting an additional half-percentage-point cut at the Dec.15-16 meeting).