Fed ready to slash rates amid deepening recession

WASHINGTON – As unemployment rises painfully higher and nest eggs are shattered, the Federal Reserve is prepared slash a key interest rate — perhaps to an all-time low — in a desperate bid to stem the country’s economic slide.

                     With the Fed's key rate dropping ever closer to zero, the central bank is moving into uncharted territory.


Do you think that they should slash this key interest rate? Do you think it will do any good in bringing us out of this recession? I personally don’t know. But then again, I don’t know that much about economics and politics either.

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