Fed cut rates to offset credit crunch: Kroszner

Story date: 2007-10-11 09:30:00
Added on: 2007-10-11 11:00:34

CNBC - WASHINGTON (Reuters) - The Federal Reserve decided a half-percentage point interest rate cut was needed September 18 after initial steps failed to return U.S. financial markets to normal, Fed Governor Randall Kroszner said on Thursday. "At that time ...


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