The Fed voted to push interest rates lower.
- Share via
The minutes of the Dec. 16-17 meeting of the Federal Open Market Committee confirmed what many analysts had suspected at the time--the nation’s central bank slightly eased its controls over growth of the money supply. That easing, coupled with euphoria over the new Gramm-Rudman budget-balancing law, helped spur a significant drop in interest rates in December.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.
