What The Fed's Rate Cut Means For You

What The Fed's Rate Cut Means For You

The Fed’s recent quarter-point rate cut could either mean more or less cash in your pocket, depending on what you accounts you own. Here is the breakdown:

Greenspan "Didn't Really Get" That Subprime Lending Could Hurt The Economy

Greenspan "Didn't Really Get" That Subprime Lending Could Hurt The Economy

Former U.S. Federal Reserve chairman Alan Greenspan told 60 Minutes that he “didn’t really get” that irresponsible subprime lending could be significant enough to hurt the economy, but he still defends the decision to keep interest rates low from 2001-2004.