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Economy: Interest Rates #883290

ABC Evening News for Tuesday, Jan 22, 2008
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(Studio: Charles Gibson) The move by the Federal Reserve Board to lower interest rates by 3/4 of a percent introduced; Stock Market Report.

(Studio: Betsy Stark) The historic move by the Fed to prevent a recession examined; details given about the drop in the overseas stock markets and about the Fed's reasoning for slashing rates. [Harris Bank CIO Jack ABLIN†, MAN, Treasury Secretary Henry PAULSON - assess Federal Reserve Board chairman Ben Bernanke's action.] The status of the president's stimulus package with the possibility of a tax rebate and business tax breaks discussed.

(Studio: Charles Gibson) Report introduced.

(New York: David Muir) The panic mode for stock market investors examined; details given about advice from analysts. [Retiree Marti FRITZ - reacts.] [Analyst Arthur CASHIN - comments.] [Financial planner Karen ALSTUTZ‡- offers advice.]

Gibson, Charles;
Stark, Betsy;
Muir, David

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