TITLE

FOMC Cuts Funds Rate 25 Points to 1.75%

AUTHOR(S)
Vekshin, Alison
PUB. DATE
December 2001
SOURCE
Bond Buyer;12/12/2001, Vol. 338 Issue 31283, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
7576217

 

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