Image: The new Fed interest rate: Zero is my hero
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The new Fed interest rate: Zero is my hero

The Federal Reserve has finally answered that age-old question: How low can you go? In a statement released early Tuesday afternoon, the Federal Open Market Committee announced it would lower the target for the federal funds interest rate to a "target range ... of 0 to 1/4 percent."

Even the great Alan Greenspan, renowned throughout the land for his willingness to lower interest rates whenever… » Full Story on Salon.com
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