Sentences with phrase «fed slashed rates»

Not exact matches

He later recalled that the global financial meltdown that led to the Great Recession could have been mitigated if the Fed had slashed interest rates «more dramatically» at the time.

The Fed raised short - term rates last month for only the second time since the 2007 - 2009 financial crisis, when it slashed rates to near zero and began buying massive amounts of Treasuries and mortgage - backed securities to push down long - term borrowing costs.

The last time rates were raised was nearly a decade ago; since then the Fed has pursued a policy of slashing rates and keeping them low in an effort to wrench the economy out of the Great Recession and promote greater growth and consumption.

Mr. Bernanke thus rejected over three hundred years of economic orthodoxy in testifying recently that the Fed was blameless in fueling the real estate bubble by slashing interest rates after 2001.

The 2008 - 09 Wall Street - precipitated financial crisis prompted the Fed to slash interest rates effectively to nil.

At the same time, the Fed continuously slashed interest rates until it could no longer lower the near - zero rate.

Trying to thwart recession, Fed cuts rates by 0.75 % — The Federal Reserve, as expected, slashed a key interest rate, but whether that cut will be passed along to individual cardholders depends on the bank, the card agreement and the credit standing of the consumer.