March 28, 2006

OKAY, THERE'S YOUR STREET CRED, NOW START CUTTING:

Fed boosts key interest rate for 15th time (Associated Press, Mar. 28, 2006)

The Federal Reserve on Tuesday boosted a key interest rate to the highest level in five years as new Chairman Ben Bernanke followed the Alan Greenspan inflation-fighting formula.

The action, the 15th consecutive quarter-point move, left the federal funds rate at 4.75 percent, its highest level since April 2001.

Posted by Orrin Judd at March 28, 2006 5:23 PM
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