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David Wessel, economics editor of The Wall Street Journal

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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

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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.