Federal Reserve

Fed Chief Bernanke Ups Interest Rates 1.25% "Just To Mess With People's Heads"

New York, January 30, 2008 -- In a surprise move that has left market analysts worldwide scratching their heads, Federal Reserve Chairman Ben Bernanke raised, rather than lowered, the discount and fed funds rates by an unprecedented 1.25% this afternoon.

Fed Chief Ben BernankeFed Chief Ben Bernanke

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