redwood forest background
Mendocino County Public Broadcasting
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Due to CalFire work at our primary transmission site, we will be experiencing periodic outages lasting approx. 30 minutes on various days of the week. We apologize for the inconvenience.

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.