How Low Can You Go……..
QuestionGirl March 18th, 2008 - 1:24 pmFrom the New York Tmes:
The Federal Reserve reduced its benchmark interest rate by three-quarters of a percentage point on Tuesday, to 2.25 percent, a cut that was less than investors had been hoping for even though it was one of the deepest in Fed history.
March 18th, 2008 at 2:11 pm
All that this does is make the rich richer. The rate cut only applies to banks borrowing short time. None of this gets to the consumer. Money is still tight as well as expensive to rent.