Fed May Reduce Interest Rates

Host Renee Montagne talks to James Glassman, a financial columnist for the Washington Post, about today's meeting of the Open Market Committee of the Federal Reserve. The Fed is expected to lower the federal funds rate, something it hasn't done for two-and-a-half years. Fed chairman Alan Greenspan has indicated he favors reducing interest rates because he's concerned the global economic crisis could cause a slowdown in the U.S. economy.



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