Tuesday, January 6, 2009

Economy Contracts in Spite of Efforts

Even as Federal Reserve officials slashed their key interest rate to a record low and pledged to use other unconventional tools to fight the worst financial crisis since the 1930s, they still feared the economy would be stuck in a painful rut for some time.

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[from TheStreet.com by twocents@thestreet.com (The Associated Press)]

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