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Fed Lowers Key Interest Rate to Lowest Level on Record

12/16/2008 2:43:55 PM
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Traders work in the S&P 500 futures pit at the Chicago Board of Trade on December 16, 2008 in Chicago. The Federal Reserve reduced the federal funds rate, the interest that banks charge each other, from the one percent target rate set in October to a range of zero to 0.25 percent. (UPI Photo/Brian Kersey) Photo via Newscom Photo via Newscom
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Traders work in the S&P 500 futures pit at the Chicago Board of Trade on December 16, 2008 in Chicago. The Federal Reserve reduced the federal funds rate, the interest that banks charge each other, from the one percent target rate set in October to a range of zero to 0.25 percent. (UPI Photo/Brian Kersey) Photo via Newscom Photo via Newscom

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