inflation: Fed keep short-term key rates the same - 06/25/08 07:11 AM
Federal Chairman Ben Bernanke and Central Bank end a nine-month rate slashing and keep the current federal short-term key rate at 2%. With on going┬áconcerns of inflation the Fed's majority voted to keep the key rate the same with only Dallas Federal Reserve Bank president Richard Fisher voted for a rate hike at the meeting. Rising cost of oil and other goods still place a strain on our current economy, but oil dropped almost $3 this afternoon after an unexpected announcement of oil surplus. You can read more here.┬áReading this lead me to remember an article on CNNMoney in the Fortune … (2 comments)

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