In its efforts to keep irresponsible bankers on Wall Street afloat, the Federal Reserve is spurring inflation, crippling the dollar and cutting into retirees' incomes.
And mortgages and car loans won't get any cheaper.
Will latest rate cut help the economy?
The Federal Reserve cut the interest rate to 1% in an effort to encourage lending and stimulate the economy. Will it work? What about inflation? Washington Bureau Chief John Dimsdale reports.
Banks borrow more from Fed emergency fund
The Federal Reserve says banks borrowed slightly more over the past week from its emergency lending program while Wall Street firms did not draw any loans for a second straight week.
The Fed's flight of the doves
Unless the Federal Reserve wants to completely freak out Wall Street, the central bank is not going to raise or cut interest rates Tuesday. The market is prepared for no change.
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