Fed cuts key interest rate half-point to 1 percent

The Federal Reserve slashed a key interest rate by half a percentage point Wednesday, driving it to a level seen only once before in the last half-century, and the government finally began distributing funds from the billions in the financial rescue package.

Pound climbs as markets bounce after Fed cut

The pound continued to make a small recovery against the dollar this morning, as the reaction to the Federal Reserve's interest rate cut continued to be absorbed by markets around the world.

Fed announces new plan to help money market funds

First, it was the banks. Now the Federal Reserve has come to the aid of money market funds as the government seeks to break the credit logjam that threatens the global economy.

Fed announces new plan to help money market funds

First, it was the banks. Now the Federal Reserve has come to the aid of money market funds as the government seeks to break the credit logjam that threatens the global economy. A week after the government announced it would spend $250 billion to buy stakes in U.S. banks, the Fed stepped up Tuesday to help money market funds that have been squeezed by worried investors demanding to cash out their holdings.

Fed officials say must be ready to curb inflation (Reuters)

Reuters - The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indicating that higher interest rates may be needed.

Fed officials split on Fed's role as market savior (Reuters)

Reuters - Federal Reserve policymakers continue to debate the extent of the central bank's role as a safety valve for battered financial markets and troubled banks, according to comments by Fed officials on Thursday.