Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Fed Cuts Interest Rates

In a bid to revive the faltering economy, Federal Reserve policymakers cut interest rates by half a percentage point. But in a statement, the Fed signals it may be the last cut in the near future. NPR's Jack Speer reports.

Copyright 2002 NPR

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.
KUER is listener-supported public radio. Support this work by making a donation today.