Federal Reserve Board Cut Key Rate to Zero to 0.25% Range

Federal Reserve Board Cut Rate to zero to .25%
December-16 Year 2008
Key rate cut to zero to 0.25% range
Federal Reserve chief Ben Bernanke and fellow central-bank policy makers vow to use "all available tools" to promote growth, including purchasing agency debt and securities in large quantities. Discount rate's slashed to 0.5%.