The Fed Cuts Interest Rates Four More Times in 2007 (and Counting) to Stave Off More Waves of Foreclosures

The Fed Cuts Interest Rates Four More Times in 2007 (and Counting) to Stave Off More Waves of Foreclosures

Eviecourtlandtcom

Between August and December 2007, the Fed cuts the rate four more times by a total of 1.5 percentage points to 4.75 percent, and will cut it eight more times in 2008 as the economy weakens.