The Federal Reserve slashes a key interest rate down to between zero and 0.25 percent. That should translate into lower rates for mortgages, credit cards and auto and student loans for consumers, eventually.
"… and auto loans could come down in the weeks ahead after the Federal Reserve cut its key interest rate to a record low between zero and point 25%. That's down from 1% in October. …" at 0:07
"… are. Running out. The traditional ammunition was used in recession and although the Fed is still going to have more tools available to it. It is critical that. The other branches of government step up. …" at 1:07