Fed to Meet Amid Housing, Credit Worries

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Fed Leaves Key Interest Rate Unchanged

NO CHANGE: The Federal Reserve left a key interest rate unchanged on Tuesday as worries about inflation trumped concerns about turbulent financial markets.

MAINTAINING: Fed policymakers voted unanimously to keep their target for the interest that banks charge each other at 5.25 percent, where it has been for more than a year.

CONTEXT: The decision came after a volatile couple of weeks on Wall Street.

This article is over 14 days old and has been removed by requirement of the Associated Press.
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{"commentId":926594,"authorDomain":"webweasel"}

I sure hope Ben isn't getting into a helicopter.

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Reply#1 - Mon Aug 6, 2007 4:21 PM EDT
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