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Fed cuts key interest rates by another half percentage

WAP2001013198 - 31 JANUARY 2001 - WASHINGTON, DC, USA: The Federal Reserve Building where Fed Chairman Alan Greenspan, along with other officials in The Federal Reserve, seeking to prevent the faltering economy from slipping into a recession, cut a key interest rate by another half percentage point January 31, 2001. The decision came after a two-day meeting of the Fed's chief policy-making group, the Federal Open Market Committee. rlw/Roger L. Wollenberg UPI.

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