Will the 2003 tax cuts boost the economy? Alan Greenspan doesn’t seem to think so. Today the Fed cut interest rates by 0.25 percentage points to a 45-year low.
Fed cuts interest rates a quarter point
The Federal Reserve Wednesday cut a key interest rate by a quarter-percentage point to a 45-year low in what was seen as a final bid to ensure the sluggish economy at last kicks into higher gear.
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Filed under: Economics, Economy, Monetary Policy, Policy
