NPR logo

David Wessel, economics editor of The Wall Street Journal

  • Download
  • <iframe src="https://www.npr.org/player/embed/16763752/16763710" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Fed Chairman Hints at Rate Cut to Calm Economy

Economy

Fed Chairman Hints at Rate Cut to Calm Economy

David Wessel, economics editor of The Wall Street Journal

  • Download
  • <iframe src="https://www.npr.org/player/embed/16763752/16763710" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Federal Reserve Chairman Ben Bernanke suggests another interest rate cut may come to bolster the economy. The worsening credit crunch, a housing slump and rising energy costs are likely to bring "headwinds for the consumer in the months ahead," Bernanke said.

The economy had a strong growth spurt earlier in the year. But forecasters expect less than 1 percent growth this quarter.

David Wessel, economics editor for The Wall Street Journal, speaks with Renee Montagne.

Comments

 

Please keep your community civil. All comments must follow the NPR.org 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.