Ex-Fed vice chairman urges 'aggressive' interest rate cut

Ex-Fed vice chairman urges 'aggressive' interest rate cut

WASHINGTON, United States - Former Federal Reserve Vice Chairman Alan Blinder hopes the U.S. central bank will lower its base interest rate ''aggressively'' with a 0.5 percentage point cut at its policy-setting meeting on Sept. 18. Blinder expressed hope in a telephone interview with Kyodo News ahead of the high-profile Federal Open Market Committee meeting. (Kyodo)

  • Product Code
  • ILEA000037321
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  • Kyodo / Kyodo News Images
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