Fed Cuts Interest Rate

Hosted by

While job growth declined in November, although not by as much as expected, the sub-prime mortgage collapse and declines in consumer spending have led to fears of a coming recession. Today, the Federal Reserve cut a key interest rate by one-quarter of a percent.  Michael Mandel is chief economist for BusinessWeek magazine.

Credits

Guest:
Michael Mandel - Editor in Chief, Visible Economy

Host:
Warren Olney

Producers:
Dan Konecky, Frances Anderton, Sonya Geis, Karen Radziner