Congress Wants Interest Rates Lowered
Monday, March 19th 2001, 12:00 am
By: News On 6
Both Republicans and Democrats are stepping up the pressure on the Federal Reserve to lower interest rates.
This comes after a week of turmoil on the stock market.
The Dow Jones industrial average lost more than 8-hundred points last week.
Analysts are suggesting a rate of one-half percent.
Republican Senator Don Nickles of Oklahoma would like to see the feds cut rates three-quarters of a percent.