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Fed Ready To Cut Rates Again

Fed Ready To Cut Rates Again

ABC
January 10, 2008

Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession.

The Fed chief made clear the central bank was prepared to act aggressively to rescue a weakening economy. “We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks,” he said.

Glenn Beck Interviews U.S. Comptroller General

http://www.youtube.com/watch?v=I-16u9x3tfE

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