FOMC Cuts Funds Rate 25 Points to 1.75%

Vekshin, Alison
December 2001
Bond Buyer;12/12/2001, Vol. 338 Issue 31283, p2
Trade Publication
Reports that the Federal Open Market Committee policymakers decided to cut the federal funds rate by 25 basis points to 1.75% in the U.S. on December 11, 2001. Change in discount rate approved by the policymakers; Reason behind the decision to cut the rates.


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