cut interest rates

Bernanke: U.S. Fed ready to cut interest rates again as needed

Submitted by MichaelVail on Thu, 01/10/2008 - 6:36pm.
U.S. Federal Reserve Chairman Ben Bernanke said here Thursday the central bank was ready to cut interest rates again as needed to prevent the housing slump and the credit crunch from dragging the economy into a recession.
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