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.Posted by Orrin Judd at March 28, 2006 5:23 PMThe action, the 15th consecutive quarter-point move, left the federal funds rate at 4.75 percent, its highest level since April 2001.