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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (173096)8/21/2001 2:23:03 PM
From: ColtonGang  Respond to of 769670
 
TOO LITTLE TOO LATE......
Washington, Aug. 21 (Bloomberg) -- Federal Reserve policy makers lowered the benchmark U.S. interest rate a quarter percentage point, the seventh cut this year, and signaled another reduction is possible in coming months.

Fed Chairman Alan Greenspan and his nine voting colleagues on the Open Market Committee reduced the target rate for overnight loans between banks to 3.5 percent, the lowest since April 1994.


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