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Interest Rate Cut and Alan Greenspan
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AirTalk Tile 2024
Sep 19, 2007
Interest Rate Cut and Alan Greenspan
Stocks rose dramatically yesterday, following the Federal Reserve's decision to cut interest rates by half a percentage point. Many see the rate cut as a positive reaction to the summer's market plunge, although there is continued concern over possible inflation and an overall shaky economy. Up until about 20 months ago, it was former Federal Reserve chairman Alan Greenspan's job to decide whether to raise or lower interest rates. Greenspan, a conservative who is a polarizing figure among republicans and democrats, has just released a book entitled The Age of Turbulence, in which he is highly critical of the economic policies of the Bush administration. Larry talks with experts about what yesterday's rate cuts mean for the U.S. economy, as well as Greenspan's criticism of the government's current economic policies.

Stocks rose dramatically yesterday, following the Federal Reserve's decision to cut interest rates by half a percentage point. Many see the rate cut as a positive reaction to the summer's market plunge, although there is continued concern over possible inflation and an overall shaky economy. Up until about 20 months ago, it was former Federal Reserve chairman Alan Greenspan's job to decide whether to raise or lower interest rates. Greenspan, a conservative who is a polarizing figure among republicans and democrats, has just released a book entitled The Age of Turbulence, in which he is highly critical of the economic policies of the Bush administration. Larry talks with experts about what yesterday's rate cuts mean for the U.S. economy, as well as Greenspan's criticism of the government's current economic policies.

Stocks rose dramatically yesterday, following the Federal Reserve's decision to cut interest rates by half a percentage point. Many see the rate cut as a positive reaction to the summer's market plunge, although there is continued concern over possible inflation and an overall shaky economy. Up until about 20 months ago, it was former Federal Reserve chairman Alan Greenspan's job to decide whether to raise or lower interest rates. Greenspan, a conservative who is a polarizing figure among republicans and democrats, has just released a book entitled The Age of Turbulence, in which he is highly critical of the economic policies of the Bush administration. Larry talks with experts about what yesterday's rate cuts mean for the U.S. economy, as well as Greenspan's criticism of the government's current economic policies.

Credits
Host, AirTalk
Host, Morning Edition, AirTalk Friday, The L.A. Report Morning Edition
Senior Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Associate Producer, AirTalk & FilmWeek
Associate Producer, AirTalk
Apprentice News Clerk, AirTalk
Apprentice News Clerk, FilmWeek