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Fed Joins New Effort To Ease Financial Woes

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Fed Joins New Effort To Ease Financial Woes

Business

Fed Joins New Effort To Ease Financial Woes

Fed Joins New Effort To Ease Financial Woes

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  • <iframe src="https://www.npr.org/player/embed/142937598/142938255" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Federal Reserve joined other major central banks Wednesday in a coordinated effort to shore up the global financial system. The move comes at a time when credit is becoming tighter, especially in Europe, because of doubts about the health of big banks.