THE FED: Half-Point Interest-Rate Cut May Be Enough, Fed's Kohn Says (Nasdaq)
Story date: 2007-10-05 08:38:55
Added on: 2007-10-05 13:00:07
WASHINGTON (Dow Jones) -- The Federal Reserve's Sept. 18 interest-rate cut of half a percentage point may be enough to keep the U.S. economy from sinking as a result of the financial markets' recent turmoil, Fed vice-chairman Donald Kohn said Friday.
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