FOMC Statement
December 16, 2008 at 16:58 PM EST
[Skip to the end] Federal Reserve Press Release Release Date: December 16, 2008 The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Geitner ought to be able to hit that one.. Since the Committee’s last meeting, labor market conditions have deteriorated, and the available data indicate that [...]
