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Economists Rate Fed Cut

The dust is still settling among the world's markets in the wake of the Federal Reserve's record rate cut on Tuesday.

Chairman Ben Bernanke slashed it by three quarters of a percent, the highest one-day trim in more than 20 years.

We've invited two people to dissect the Fed chairman's move today: Allan Meltzer, economist and professor at Carnegie Mellon University, and Benjamin Friedman, economist and professor at Harvard University. Both have worked with Bernanke and both join WBUR's Bob Oakes to discuss Bernanke's big move.

Audio for this story will be available on WBUR's web site later today.

This program aired on January 24, 2008. The audio for this program is not available.

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