Entries Categorized as 'FOMC Minutes'

FOMC Minutes Reveal that Fed Cut Rates to Prevent Major Slowdown in

Date October 9, 2007

According to the FOMC minutes from the September 18th monetary policy meeting, the Fed cut both the discount and Fed funds rate to forestall some of the adverse effects on the economy that might otherwise arise and to promote moderate growth over time. Now that growth has seemed to stabilize along [...]