For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession. ...more

September 17, 2007

Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy. ...more

September 14, 2007

A painful credit crunch is taking its worst toll on the ailing housing market, and its effect on the rest of the economy so far seems limited, the Federal Reserve reported Wednesday. ...more

September 6, 2007

Is the long wait coming to an end for borrowers who would like to see interest rates go down? ...more

September 2, 2007