Fed Drops Interest Rates To Below One Percent

NEW YORK - DECEMBER 16: A financial professional loosk at his computer screen on the floor of the New York Stock Exchange at the end of the trading day December 16, 2008 in New York City. The Federal Reserve slashed the federal funds rate, the interest banks charge each other, to a record low of zero to one quarter percent, sending stocks higher in mid-afternoon trading. (Photo by Chris Hondros/Getty Images)
NEW YORK - DECEMBER 16: A financial professional loosk at his computer screen on the floor of the New York Stock Exchange at the end of the trading day December 16, 2008 in New York City. The Federal Reserve slashed the federal funds rate, the interest banks charge each other, to a record low of zero to one quarter percent, sending stocks higher in mid-afternoon trading. (Photo by Chris Hondros/Getty Images)
Fed Drops Interest Rates To Below One Percent
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84056868
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Getty Images News
Date created:
16 December, 2008
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