Permanent historical factsheet

Discount Rate Cut During Credit Stress

United States of America · Economy / Federal Reserve. Chronological records rendered directly from the World History Database.

1Records
2007Date range
1Named people
1Places

Chronological records

2007

Ben Shalom Bernanke17 August 2007

Washington · Economy / Federal Reserve

The Federal Reserve cuts the primary credit rate by one-half percentage point and lengthens borrowing terms as strains in money and credit markets threaten to impair the orderly functioning of financial markets.

Names involved

Ben Shalom Bernanke

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.