Can Cut in Discount Rate Restore Order?

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Wessel's Column

Read David Wessel's Wall Street Journal column.

A week ago, the Federal Reserve cut its discount rate to banks, injecting more than $17 billion into the banking system. The Fed's actions were meant to offset damage caused by the subprime mortgage crisis.

David Wessel, deputy Washington bureau chief for The Wall Street Journal, talks finance with John Ydstie.

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