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Real Estate > Piggington's Econo-Almanac

The Fed Has Gone Nuclear

Rich Toscano | Fri, 12/19/2008 - 4:41pm | Ben Bernanke, Fed, Federal Reserve |  Add a comment

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On Tuesday, Fed Chairman Bernanke announced that the Fed was for the first time in history cutting its target funds rate to 0 percent (a range of 0 to .25 percent, to be exact, but it's close enough). Additionally, the Fed will shunt "large quantities" of money directly into the mortgage
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