Can Cut in Discount Rate Restore Order?

  • Playlist
  • Download
  • Embed
    Embed <iframe src="" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

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.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.