WASHINGTON (AP) — The Federal Reserve guaranteed super-low interest rates for two more years Tuesday — an unprecedented step to arrest the alarming decline of the stock market and the economy. Wall Street roared its approval and finished a wild day with a 429-point gain.
WASHINGTON (AP) — A plunging stock market and a stalled U.S. economy may force the Federal Reserve to use the dwindling number of tools it has left in an effort to boost growth and keep the country from sliding back into recession.
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