Marketplace is community-funded public service journalism. Give in any amount that works for you – what matters is that you give today.
So far, I am in the camp that thinks much of the Wall Street whining and criticsim of Ben Bernanke this past month is misplaced. The Fed has been straightforward in its actions. The Fed stepped up–along with other central banks–and made sure that the global credit squeeze didn’t turn into a financial collapse. Many hedge funds and lenders have lost money or gone out of business.
Now, with today’s employment report–a decline of 4,000 plus revising down previous months–the Fed will begin a round of benchmark rate cuts at its Septemebr 18 Federal Market Open Committee meeting. The combination of declining home prices and falling employment is worrisome.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.