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Economy / Interest Rate #196555

ABC Evening News for Wednesday, Apr 18, 2001
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(Studio: Peter Jennings) The Federal Reserve Board's lowering of the interest rate reported. Stock Market Report.

(Studio: Betsy Stark) The reaction to Federal Reserve Board chairman Alan Greenspan's surprise rate cut examined; details given from the Fed's press release about problems in the economy. [Economy.com Mark ZANDI - assesses the signal sent by the Fed.] [Diamond Casting and Machine Jerry LETENDRE - talks business.]

(Studio: Peter Jennings) Interview held with UBS PaineWebber floor manager Art Cashin about the Fed's move. [CASHIN - assesses the Fed's action; says we are leaning toward the view that the market has bottomed.]

(Studio: Peter Jennings) List of banks cutting their prime rate outlined on screen.

Reporter(s):
Jennings, Peter;
Stark, Betsy
Duration:
00:04:30

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