'Marketplace' Report: Fed Meeting The Federal Reserve Board meets Tuesday afternoon to decide on interest rates. Short-term rates have been stuck at 5.25 percent for more than a year now. With problems in the credit market, consumer spending slowing and the sub-prime loan meltdown, all eyes are on this meeting.

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'Marketplace' Report: Fed Meeting

August 7, 20071:00 PM ET

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'Marketplace' Report: Fed Meeting

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The Federal Reserve Board meets Tuesday afternoon to decide on interest rates. Short-term rates have been stuck at 5.25 percent for more than a year now. With problems in the credit market, consumer spending slowing and the sub-prime loan meltdown, all eyes are on this meeting. Amy Scott of Marketplace talks with Alex Chadwick.