Photo: #Traders work on the floor of the New York Stock Exchange April 30, 2008 in New York City, the day the Federal Reserve lowered its target for short-term interest rates by a quarter-point, bringing the federal funds rate target to 2%.

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U.S. in Recession

Minnesota Public Radio coverage of the U.S. in recession.

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U.S. in Recession

Slogging through a shaky economy

Broadcast: Midday, 05/01/2008, 11:00 a.m.

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With the Federal Reserve's seventh interest rate cut, falling consumer confidence, rising prices for food and energy, an increase in unemployment claims and a still crumbling housing market, Midday examines the latest economic news.

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  • Louis Johnston: economics professor at College of Saint Benedict / Saint John's University

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