Fed to hold rates steady and ride out storms
Sep 15th, 2008 | By Gregory Arzumanov | Category: Financial NewsTighten your seat belt. Federal Reserve Chairman Ben Bernanke and his colleagues are doing just that as they prepare to ride out economic and financial storms by holding their most important interest rate steady this week and probably through the rest of this year.
Unemployment is rising, consumers are clamping down as paychecks shrink and the [...]