Fed Again Raises Interest Rates As Greenspan Retires
Deseret News (Salt Lake City) › February 07, 2006
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Summary
WASHINGTON -- The Federal Reserve on Tuesday nudged a key interest rate up to the highest level in nearly five years and left the door open for possibly one more rate hike as Alan Greenspan brought his long tenure as chairman to a close.
At Greenspan's final meeting, the central bank voted to boost its target for the federal funds rate to 4.5 percent. It was the 14th quarter-point move in a credit-tightening campaign that began 19 months ago.See the full content of this document
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Fed Again Raises Interest Rates As Greenspan Retires
The increase will raise borrowing costs for millions of American consumers and businesses as banks were expected to quickly boost their prime l...
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