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To: Boolish who wrote (143905)	1/28/2009 2:28:06 PM
From: Rocket Red	Read Replies (1) \| Respond to of 313334

Fed to keep interest rate near zero for 'some time' Wednesday, January 28, 2009 WASHINGTON - The U.S. Federal Reserve Board says the economy has weakened further and signalled it will keep a key interest rate near zero for quite “some time” to cushion the fallout. The Fed agreed — with one dissent — to keep the targeted range for the federal funds rate at a record low of between zero and 0.25 per cent. The funds rate is the interest banks charge each other on overnight loans. Economists predict the Fed will leave rates at that range through the rest of this year. Having taken the unprecedented step of slashing its key rate to near zero at its previous meeting in December, the central bank pledged anew to look to other unconventional ways to revive the economy. More to come © Copyright The Globe and Mail