Summary

AN ECONOMICS PROFESSOR AT THE UNIVERSITY OF MISSISSIPPI TALKS ABOUT THE MEANING OF THE FEDS LATEST CUTS IN INTEREST RATES

Source CONUS Archive
Record ID 211204
Story Slug VNR: Interest Rate Cut Reaction (2001)
Location Oxford, Mississippi
Format SOTVO
Date 8/21/2001
Archive Time 30:01
TRT 1:28
Supers William Shughart, Professor of Economics
Video Description PROFESSOR TEACHING CLASS, COLLEGE STUDENTS LISTENING, SOT
Description AN ECONOMICS PROFESSOR AT THE UNIVERSITY OF MISSISSIPPI TALKS ABOUT THE MEANING OF THE FEDS LATEST CUTS IN INTEREST RATES
Script THE COST OF BORROWING MONEY HAS GONE DOWN YET AGAIN. THE FEDERAL RESERVE CUT INTEREST RATES FOR THE SEVENTH TIME THIS YEAR. THE LATEST CUT WAS A QUARTER PERCENT. MAJOR BANKS QUICKLY FOLLOWED SUIT, CUTTING THEIR PRIME LENDING RATES BY THE SAME AMOUNT. THIS LATEST CUT BRINGS INTEREST RATES DOWN THREE PERCENT SINCE THE FIRST OF THE YEAR. (TAKE VO) BUT WILL THE LATEST CUTS MAKE A DIFFERENCE IN THE SLUMPING ECONOMY? ONE ECONOMICS PROFESSOR SAYS NO. (SOT)
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