To the Point
Fed Cuts Interest Rate
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.
By Warren Olney • • 1 min readWhile 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.
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- 43:02Fed Cuts Interest RateYou’re reading this
The full episode
3 of 3Videotapes, Torture and Evidence in the War on Terror- 1:33Car Bombs Kill at Least 22 in Algeria
- 7:42The CIA Torture Tapes
- 43:02Fed Cuts Interest RateYou’re reading this