FED MAY CUT INTEREST RATE ON BANK RESERVES

Bloomberg, July 31,  2012. The Fed's Chairman Ben Bernanke might reduce interest rate on bank reserves to decrease short-term borrowi...


Bloomberg, July 31,  2012. The Fed's Chairman Ben Bernanke might reduce interest rate on bank reserves to decrease short-term borrowing costs and stimulate the U.S. expansion. Bernanke said that cutting the interest rate from 0.25% is one of the easing steps of the Fed to lower the unemployment, which has been above 8% for more than 3 years.   




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