For some time now the Federal Reserve has been devaluing the currency and practically giving away American dollars through incredibly cheap money policy. We have just emerged from an era of one interest rate cut after another. The mortgage loan crisis, and the failure of Bear Sterns, made the Fed an interest rate cutting machine of fate that drove the value of our dollar ever lower and the price of oil into the stratosphere.

The Fed lowered the fed funds target to 2%, then issued a policy statement that may as well have been written in Urdu for all of its clarity.

The Federal Reserve cut interest rates by a quarter point this afternoon in yet another (7th to be exact) attempt at saving an economy in free fall. The rate now stands at 2% less than half of what it was in September.

Today the Federal Reserve Board of the United States is concluding two-day meeting in Washington, which is likely to result in another interest rate cut to bolster the U.S. Economy.

The Federal Reserve is at it again, pumping another $50 billion in short-term loans in to the financial system to prevent a freeze up. That brings the total to a cool $360 billion since the auctions started in December. 83 bidders were represented looking for a slice of the loans which were granted at 2.87% interest.

Fed Rate Cut By 0.5 Percent: Federal Reserve Announcement Lowers Interest Rate to 3.0 percent hoping to remedy the U.S. Economy, which according to some analyst may already be in full recession.

Fed rate cut of .75 percent sunned the markets this morning. The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3-1/2 percent.

If university student participants at a recent Federal Reserve Bank of San Francisco(SF FRB) Symposium have their way, the Federal Open Market Committee (FOMC) will keep the federal funds target rate at 4.5 percent. This result came from a 6-1 vote by student groups from the University of Hawaii at Hilo, University of Hawai`i at Manoa, and Hawaii Pacific University (HPU), representing seven members of the current FOMC.

Fed Meeting: The result - Federal Reserve Meeting Lowers Interest Rate to 4.75 pct.

On August 9, The Federal Reserve Board has released the following press release:

The Federal Reserve has issued the following press release on August 10: