Thu, Jan 29, 2009 - Page 5 News List

Fed strategists seek new tools to boost economy

UNCERTAIN TIMES Despite agressive rate-cutting, US credit and financial markets remain under stress. The Fed is expected to act to increase consumer loan availability


On Monday alone, tens of thousands of new layoffs were announced by companies including Pfizer Inc, Caterpillar Inc and Home Depot Inc.

The USeconomy lost 2.6 million jobs last year, the most since 1945. Economists predict another 2 million or more jobs will vanish this year.

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