Greenspan: Economy in 'once-in-a-century' crisis

The U.S. credit squeeze has brought on a "once-in-a-century" financial crisis that is likely to claim more big firms before it eases, former Federal Reserve chief Alan Greenspan said Sunday.

http://rss.cnn.com/~r/rss/money_topstories/~3/392443838/index.htm

Fed sees economy getting worse

Some members of the Federal Reserve are worried about the possibility of a "severe and protracted downturn" in the U.S. economy, according to the minutes of the central bank's latest minutes released Tuesday.

http://rss.cnn.com/~r/rss/money_topstories/~3/266509029/index.htm

Fed official: More help needed for borrowers

An influential member of the Federal Reserve called for more financial education to help low-income mortgage borrowers Monday.

http://rss.cnn.com/~r/rss/money_topstories/~3/261385640/index.htm

Get ready for another Fed rate cut

The two widely accepted facts about the upcoming Federal Reserve meeting Tuesday is that the central bank is worried about the country falling into a recession and that it will again slash interest rates sharply.

http://rss.cnn.com/~r/rss/money_topstories/~3/251466653/index.htm

Fed sees economy slowing

The Federal Reserve cut its growth forecast for the economy and said it sees higher unemployment for the rest of the 2008.

http://rss.cnn.com/~r/rss/money_topstories/~3/238347925/index.htm

Fed official: Weak economy, no recession

The United States will not get out of its economic slump any time soon, but might be able to avoid a recession, according to the head of the San Francisco Federal Reserve.

http://rss.cnn.com/~r/rss/money_topstories/~3/231643280/index.htm

Banks getting tougher on mortgages - Fed

Federal Reserve says borrowers with good credit are getting squeezed out of loans as fallout from the subprime debacle spreads. Read full story for latest details:

http://rss.cnn.com/~r/rss/money_topstories/~3/229103191/index.htm

Fed slashes rates to 3.5%

The Federal Reserve slashed two key interest rates by three-quarters of a percentage point Tuesday following an unscheduled meeting, citing continued concerns about a weakening economy and turmoil in the financial markets.

http://rss.cnn.com/~r/rss/money_topstories/~3/220990407/index.htm

The Fed will calm a stormy market

The stock market is in turmoil. Banks keep announcing big losses, and economists are raising the odds for a recession. Does that mean you need to be doing a dozen things right now to protect your investments?

http://rss.cnn.com/~r/rss/money_topstories/~3/217718940/index.htm

Fed's Warsh Quashes Bailout Talk

Fed governor Warsh cautioned against assuming that the Fed will prop up asset prices or protect individual financial institutions. (Remarks)

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Federal Reserve expected to cut key rate (AP)

AP - The Federal Reserve is widely expected to cut its target for the federal funds rate, the interest that banks charge each other, for the first time in four years at its meeting today.

http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20070918/ap_on_bi_ge/fed_interest_rates

Fed Chorus Out of Tune on Rates

Fed officials appear divided in assessing risks from the recent credit crunch and employment report, suggesting there may be some disagreement about whether or how much to cut rates.

http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7014/~3/154625737/SB118943650388322613.html

Weak Jobs Data Boost Likelihood of Rate Cut

U.S. payrolls fell by 4,000 in August, the first employment drop in four years. The data suggest damage from the severe housing slump is beginning to ripple through the economy and makes it likely the Fed will cut rates. (Text of jobs report)

http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7014/~3/153422914/SB118916737881920585.html

Fed Weighed Action Well Before Rate Cut

Fed officials considered taking policy action 10 days before cutting the discount rate, meeting minutes show. (Full text)

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