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Fed Prepared to Lower Interest Rates

Federal Reserve Chairman Ben Bernanke gives a strong signal that Fed policymakers are ready to cut interest rates again amid mounting risks to the U.S. economy. High oil prices, rising unemployment and a decline in manufacturing are pressuring the Bush administration to keep the economy from lapsing into a recession.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
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