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Fed cuts interest rate to 1%

Oct. 29, 2008
The half-point reduction was expected and won't have an immediate effect. But the move should help stimulate the economy once the credit crunch begins to loosen. Trying to keep the blood pumping in a flagging economy, the Federal Reserve slashed its benchmark interest rate by half a percentage...
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Plosser: Economy will recover without cuts

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Fed cuts rates a quarter-point

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Fed cut expected to be quarter-point

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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch