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Economy / Interest Rates #731659

ABC Evening News for Wednesday, Jun 25, 2003
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(Studio: Peter Jennings) Federal Reserve Board's decision to cut the interest rate to help the economy noted.

(Studio: Betsy Stark) The Federal Reserve's decision examined. [Economist David JONES†- assesses what the Fed is saying about the economy.] [Economist Donald STRASZHEIM†- says the rate cut won't have much effect on the economy, which needs time.] The potential winners in the rate cut discussed.

(Studio: Peter Jennings) Report introduced.

(New York: Bob Jamieson) The impact of rate cuts on investors & credit card consumers examined. [In a Miami nursing home, 99-year-old Margaret STERN, SENIOR - worry.] [Independence Investments senior vice president John FORELLI†- says some money funds are earning zero.] [Consumers Union Janell DUNCAN†- says credit card companies are looking to make money.]

Reporter(s):
Jennings, Peter;
Stark, Betsy;
Jamieson, Bob
Duration:
00:04:20

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