Oct 08
World Banks Work Together
Fed, other central banks announce rate cuts to revive world economy, settle markets
By JEANNINE AVERSA | Associated Press Economic Writer
2:53 PM EDT, October 8, 2008
WASHINGTON (AP) _ In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown.
This is huge – a coordinated attack on the world economy by the Global Banks
