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Economy: Interest Rates / The Recession #578975

NBC Evening News for Friday, Dec 20, 1991
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(Studio: Tom Brokaw) Report introduced.

(New York: Mike Jensen) Dramatic lowering of the discount rate by the Federal Reserve Board to stimulate the economy featured; details given of the impact of interest cuts on home buying, mortgage refinancing, credit card rates and CD rates. [In Atlanta, John BAUGUS; in Stone Mountain, Georgia, Jose FRENCH; in Washington, DC, Richard BOWSER; in New York, David NEWMAN, Eleanor SHAPIRO - comment.]

(Studio: Irving R. Levine) Chances for a recovery from this recession examined; comparison given of statistics for recessions of 1991 and 1981-82 in areas of interest rates, inflation, unemployment, exports and inventories. [Home buyer Loree CAMPBELL, Pacaero Corp. Charles LOVIN, economist Jeffrey FAUX - comment.]

Reporter(s):
Levine, Irving R.;
Brokaw, Tom;
Jensen, Mike
Duration:
00:04:50

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