August 31, 2007
JACKSON, Wyo. (AP) ” Federal Reserve Chairman Ben Bernanke pledged today that the central bank will “act as needed” to keep the credit crisis that has unhinged Wall Street from hurting the national economy.
Bernanke didn’t specify what the Fed’s next move will be but made clear policymakers are keeping close tabs on the problem, which has roiled investors in the United States and around the globe.
Many believe the odds are growing that the Fed will cut its most important interest rate, now at 5.25 percent, by at least one-quarter percentage point on or before Sept. 18, its next regularly scheduled meeting. The Fed hasn’t lowered this rate in four years.
Things to do ” Behind-the-Scenes Tours in Anthropology, 10 a.m. and 1:30 p.m. at the Nevada State Museum, 600 N. Carson St.
Regular admission fees apply; reservations recommended. Call 687-4810, ext. 237.
For more events in the area, visit http://www.nevadaappeal.com/calendar