Traders work on the floor of the New York Stock Exchange Tuesday in New York City. The Federal Reserve, in reaction to a severe downturn in worldwide stock markets and concern about a United States recession, reduced its interest rate by three-quarters of a percentage point before the opening NYSC bell. (Stephen Chernin/Getty Images)
The best way to boost the economy
The Federal Reserve cut interest rates in part to reassure investors on Wall Street. Meanwhile President Bush and Congress are trying to come up with an economic stimulus package to boost, at least temporarily, the flagging U.S. economy. Midmorning discusses whether either measures will help.
Guests
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Jim Paulsen: chief investment strategist of Wells Capital Management.
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Eileen Appelbaum: economist at Rutgers. She also directs the Center for Women and Work.
Resources
