The Federal Reserve Board hints it will lower rates to help mend economy

Wednesday, October 08, 2008

Yesterday Ben Bernanke hinted that the Federal Reserve Board would lower interest rates when it meets at the end of the month. The markets were having none of it though — the Dow plunged 508 points yesterday. New York Times reporter Edmund Andrews explains the Fed’s strategy for easing the financial crisis, and what has and hasn’t worked so far.
Guest: Edmund Andrews, the New York Times

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