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Fed Cuts Interest Rates

Federal Reserve policymakers cut interest rates by half a percentage point to levels not seen since the early 1960s. But some economists don't believe the cut will help jumpstart the sluggish economy. 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.