Rate cut 'prudent,' say Fed minutes (USA Today)
Story date: 2007-10-09 07:25:36
Added on: 2007-10-10 02:00:34
Turmoil in international credit markets posed such a risk to the U.S. economy in mid-September that a sharp, half-point interest rate cut was the "most prudent course of action," according to the Federal Reserve.
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