Fed Drops Interest Rates To Below One Percent
NEW YORK - DECEMBER 16: A television plays at the The Goldman Sachs booth on the floor of the New York Stock Exchange during afternoon trading December 16, 2008 in New York City. The Federal Reserve slashed the federal funds rate, the interest banks charge each other, to a record low of zero to one quarter percent, sending stocks higher in mid-afternoon trading. Goldman Sachs announced they posted their first loss since going public in 1999. (Photo by Chris Hondros/Getty Images)
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84056122
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Getty Images News
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December 16, 2008
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