The Federal Reserve cut a key interest rate yesterday, continuing its campaign to keep the troubled housing market from causing a broad economic downturn. But the central bank also said it was worried that rising energy prices would lead to higher inflation -- a hint that it won't necessarily cut... -
Fed Slices Rates to Avoid A Downturn
The Federal Reserve cut a key interest rate yesterday, continuing its campaign to keep the troubled housing market from causing a broad economic downturn. But the central bank also said it was worried that rising energy prices would lead to higher inflation -- a hint that it won't necessarily cut...-
By Neil Irwin