U.S. markets react to Fed's emergency cut
Broadcast: Midmorning, 01/22/2008, 9:45 a.m.
The Fed's early morning action to cut interest rates was aimed at calming U.S. markets. Markets overseas were down in Asia amid fears that the U.S. economy was in a recession.
- Art Rolnick: Senior vice president and director of research at the Federal Reserve Bank of Minneapolis.
- Chris Farrell: Senior economics editor, Minnesota Public Radio.